Investments Archives - Ignite Funding

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Green Level West I Apartments, LLC #6465 | NORTH CAROLINA – ($1.0M AVAILABLE)

Green Level West I Apartments, LLC #6465 | NORTH CAROLINA – ($1.0M AVAILABLE)

The collateral for this loan is an approximately 25-acre site that will be entitled to allow for the construction of a 300+ unit apartment building. This acquisition sits contiguous to two separate properties the borrower has under contract which will total over 40 acres. Since the purchase of this land happened before it was fully entitled, the borrower used Ignite to acquire the property while finalizing the entitlements. Entitlements on all 40 acres have now been officially approved by the city, allowing a mixed use district including residential spaces, commercial spaces, and some offices as well. On the other side of the property construction has begun on over 1 million square feet of medical space that is owned by Duke Health. The city has already expressed a desire to make this corridor the new “heart” of the city which bodes well for the long-term viability of the project and the short term needs to get the property entitled Loan Amount: $6,600,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an

By Ignite Funding|December 5th, 2024|Available Investments|0 Comments

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Lokal Communities, LLC #6387 | COLORADO – FUNDED

Lokal Communities, LLC #6387 | COLORADO – FUNDED

First Trust Deed collateralized by 25 finished lots of a residentially zoned property in the growing city of Colorado Springs, CO which is approximately 70 miles south of Denver, CO. Located near the cross streets of Centennial and Fillmore, the property is just nine miles to the south of the Colorado Springs Air Force Academy and under ten minutes from downtown Colorado Springs and Garden of the Gods. The surrounding area is seeing immense residential and commercial growth including national quick service restaurants and over 300 apartment units constructed by different builders. Of the 105 lots in the community, the 25 lots being encumbered by this loan represent all remaining unbuilt lots. These lots will each have an attached townhome product built that will be one of five floorplans: Baxter, Clark, Conrad, Ellis, and Sean. Master Loan Amount: $2,400,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 5/6/26.

By Ignite Funding|November 14th, 2024|Funded Investments|0 Comments

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CC Building VI, LLC #6346 | NEVADA – FUNDED

CC Building VI, LLC #6346 | NEVADA – FUNDED

First Trust Deed collateralized by a 1.54-acre parcel of land approximately 16 miles southwest of downtown Las Vegas, NV. This property was developed in 2010 by Stable Development as part of an 8-building corporate center and now is owned in full by the borrower as a stand-alone office building. The borrower has already sold off multiple of the original eight buildings at approximately $304/sf. This property is currently 100% leased and recently renewed the lease of its anchor tenant, The Wealth Consulting Group, through 2034. Additionally, the borrower has agreed to assign rents to Ignite should that be deemed necessary. The borrower plans to hold this asset long-term and is seeking financing from Ignite until more attractive long-term debt options are available, which may occur in late 2025. Loan Amount: $4,400,000 Yield: 11% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 11.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/7/26.

By Izzy|October 10th, 2024|Funded Investments|0 Comments

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Green Level West II, LLC #6386 | NORTH CAROLINA – FUNDED

Green Level West II, LLC #6386 | NORTH CAROLINA – FUNDED

The collateral for this loan is an approximately 10-acre site that will be entitled to allow for the construction of a 74-unit apartment building. This acquisition sits contiguous to two separate properties the borrower has under contract which will total over 40 acres. Since the purchase of this land happened before it was fully entitled, the borrower used Ignite to acquire the property while finalizing the entitlements. Entitlements on all 40 acres have now been officially approved by the city, allowing a mixed use district including residential spaces, commercial spaces, and some offices as well. On the other side of the property construction has begun on over 1 million square feet of medical space that is owned by Duke Health. The city has already expressed a desire to make this corridor the new “heart” of the city which bodes well for the long-term viability of the project and the short term needs to get the property entitled. Loan Amount: $4,250,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional

By Izzy|October 5th, 2024|Funded Investments|0 Comments

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Sequoia – Dorrell Unicorn, LLC #6300 – FUNDED

Sequoia – Dorrell Unicorn, LLC #6300 – FUNDED

The collateral for this loan is a 1.05-acre piece of land located near the corner of Bradley Rd and Dorrell Ln. Since acquiring the land in January of 2023, the borrower worked with the city to allow a subdivision map to be recorded splitting the asset into four quarter acre lots, just like what was done across the street. The borrower also worked with the city to get building permits issued to build homes on the site. Each of the four lots will have one of the two homes depicted above built on them (or the mirror images of those homes). The homes will average nearly 2,700 square feet each and have four bedrooms, three bathrooms with an attached three car garage. The borrower has built the same floor plans nearby so he has a great deal of confidence in what they will cost, and more importantly, what home buyers in the area will want. Master Loan Amount: $2,100,000 Yield: 10% interest Schedule: Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension at maturity. The final maturity date is 3/4/2026. *For

By Izzy|September 4th, 2024|Funded Investments|0 Comments

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Lokal Communities, LLC #6349 | COLORADO – SOLD OUT

Lokal Communities, LLC #6349 | COLORADO – SOLD OUT

First Trust Deed collateralized by 28 finished residential lots. Located between downtown Denver and the tech center in a prime urban location, these are the remaining lots within an active community. These attached units are three stories tall and range from 1,238 to 2,157 square feet. They all have attached two car garages with up to four bedrooms. Prices range from the high 500’s to the high 700’s. The last takedown is anticipated to happen in April of 2025. Master Loan Amount: $3,612,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with no extension available upon maturity. Final maturity date is 6/8/25.

By Izzy|September 4th, 2024|Blog|0 Comments

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Rhino Holdings Aurora, LLC #6264 | ILLINOIS – FUNDED

Rhino Holdings Aurora, LLC #6264 | ILLINOIS – FUNDED

: First position loan collateralized by part of a retail shopping center in North Aurora, Illinois (about 40 miles west of downtown Chicago, IL). Since acquiring the 120,000 square foot property in 2021, the borrower worked with existing tenants to sign new, long-term leases while simultaneously leasing up the vacancies within the project. Additionally, the borrower updated much of the property to prepare individual parts of the project for sale. The collateral for this loan is the UFC Gym space shown below. The tenant has been removed from the property as the borrower is getting ready to sign a new lease for another fitness user who is willing to pay more in rent. Once the tenant is operating and paying rent, the property will be able to be sold or refinanced. In total, the center is occupied by national tenants like Target, JC Penny’s, Michaels, Petco, Sally’s Beauty, Dollar Tree, and Bath & Body Works. Most of the existing tenants in the shopping center have been leasing the property for over 10 years. Loan Amount: $7,900,000 Yield: Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *6% is paid

By Izzy|May 23rd, 2024|Funded Investments|0 Comments

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SR Decatur Apts, LLC #6253 | NEVADA – FUNDED

SR Decatur Apts, LLC #6253 | NEVADA – FUNDED

The collateral for this loan is a 5.33 gross acre parcel of land that has been approved for multi-family use of up to 191 total units. Located on North Decatur, the property is about five miles Northwest of downtown Las Vegas, NV. Since acquiring the site in 2019, the borrower worked with the appropriate government officials to get the zoning changed to C-1, Limited Commercial District which will allow for apartments to be constructed. Given the good visibility to the North and West of the property, apartments should have an easy time leasing. Master Loan Amount: $3,400,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 11/7/25.

By Izzy|May 6th, 2024|Funded Investments|0 Comments

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1759 Harpsichord Way, LLC #6231-#6232 | NEVADA – FUNDED

1759 Harpsichord Way, LLC #6231-#6232 | NEVADA – FUNDED

The collateral for this loan is two finished residential lots in Henderson, NV which is about 20 miles southeast of downtown Las Vegas, NV in the Lake Las Vegas master planned community. The lots are about three blocks away from each other and average about a quarter in size respectively. The floor plans for each are mirror images of one another which will total 3,820 S.F. of total living area. These modernly designed homes will feature four bedrooms and four and a half bathrooms with a three-car attached garage. Included in the budgets is an extensive pool and landscaping package to give the buyer what should be a “turnkey” type of purchase. Upgraded Thermador appliances in the gourmet kitchen, built in security and speakers, and a free-standing tub in the master to name a few of the many upgrades. It is anticipated the home will be sold prior to the home being completed, which has been the standard protocol for this builder. Master Loan Amount: $2,500,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%.

By Izzy|April 29th, 2024|Funded Investments|0 Comments

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Three Palms, LLC #6164 | NEVADA – FUNDED

Three Palms, LLC #6164 | NEVADA – FUNDED

The collateral for this loan is a 0.28 acre finished residential lot in McDonald Ranch which is a luxury, guard gated community in Henderson, NV (a suburb of Las Vegas). The lot was purchased in the middle of 2023 for $1,100,000 and since that time the borrower has been approved to build a custom home working with the city and HOA to get it done. The home will be about 7,168 square feet with an asking sales price north of $8,000,000. This would be the fifth such home the borrower has built in the same community over the past few years. Loan Amount: $3,100,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/31/25.

By Izzy|February 12th, 2024|Funded Investments|0 Comments