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Investments

Hillwood Homes at Midway 18, LLC #6284 | UTAH – ($900K Available)

First Trust Deed collateralized by three finished lots in the Bonner Meadows community of Midway, Utah. Two of the three lots, 11 and 16, have been presold and the last lot (lot 1) is a spec home. The floor plan for lot 1 is Zurich with 4,584 sq/ft, lot 11 is Lucerne with 4,147 sq/ft, lot 16 is Rhine with 4,970 sq/ft and foundations are ready to be poured. Bonner Meadows is the newest luxury community by premier builder Hillwood Homes. There are 18 lots with 8 semi-custom layouts to choose from. Midway is an affluent suburb of Salt Lake City with Swiss influence and geographic similarities. They even host an annual Swiss Day parade, celebrating Alpine heritage. Bonner Meadows is in the heart of the city, just south of Main Street. It is 7 minutes away from the Provo River where you can fly fish for rainbow trout year-round. Master Loan Amount: $3,000,000 Term: Nine months with an optional nine-month extension at maturity. The final maturity date is 12/22/25. 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

By |July 12th, 2024|Available Investments|0 Comments
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Goodyear 49, LLC #6298 | ARIZONA – ($1.9M Available)

The collateral for this loan is a 4.6 net acre site in Goodyear, AZ. The project will consist of 47 attached residential townhome units. All units will have three bedrooms and two and a half bathrooms ranging from 1,690-1,801 square feet. The modern looking townhomes will be constructed as a for sale community instead of the “build-to-rent” model that is prevalent in Arizona. The wet and dry utilities are almost complete for the entire site. Goodyear was founded by the tire and rubber company to grow the cotton used for their tires. The company shifted their focus from cotton to real estate and land development in the 1960s. Metro Phoenix is home to about 5 million people where net migration continues to fuel its growth. Over the past two decades, Phoenix has grown by nearly 100,000 people every year. Phoenix’s relatively young population with the age cohort 25-34 containing the largest percentage of residents (about 15%) are ideal purchasers/renters for the entry level townhomes. Although it is not the intent to hold the property as a built to rent community, the buyer has been approached by multiple equity firms to purchase the finished product when each of the buildings are

By |July 2nd, 2024|Available Investments|0 Comments
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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 |May 23rd, 2024|Funded Investments|0 Comments
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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 |May 6th, 2024|Funded Investments|0 Comments
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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 |April 29th, 2024|Funded Investments|0 Comments
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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 |February 12th, 2024|Funded Investments|0 Comments
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Hillwood Homes at Silver Creek, LLC #6169 | UTAH – FUNDED

First Trust Deed collateralized by four finished lots in Park City, UT. All the grading work for the site has been completed and is ready for the foundation to be poured. Construction permits have already been submitted for each of the nearly 5,000 square foot homes (including partially finished basements). Situated in the Silver Creek Village community that the borrower is currently building in, they have a great understanding of the type of home the market is looking for. Three of the homes are presold and the fourth home won’t be listed for sale until it is approximately 30% complete. Homes in the community average over $1,000,000 each. Master Loan Amount: $3,400,000 Yield: 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 |February 12th, 2024|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #6144-#6148 – FUNDED

First Trust Deed collateralized by 29 finished townhome lots that was once roughly 1.44 acres of residentially zoned land near the corner of Vegas Dr and N Rancho Dr. This community is roughly five miles northwest of downtown Las Vegas. The land was zoned R-2 which allowed for the development of 34 homes on the site, but the borrower worked with the city to approve a 248-lot community. Since acquiring the site about five years ago, the borrower has continued to work with the city to approve the 248- lot community as depicted on the next page. Home sales have already begun, averaging $330,000 and 1,300 square feet in size, it is anticipated the borrower will be sold out of the community by the middle of 2024. Master Loan Amount: $1,522,500 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 7/23/25.

By |January 16th, 2024|Funded Investments|0 Comments
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Etta Lo, LLC #6083 | TEXAS – FUNDED

First Trust Deed collateralized by 2 fully built residential duplexes in Wolfforth, TX (about 12 miles southwest of Lubbock, TX). Consistently ranked in the fastest growing markets in Texas, there is a need for new housing supply in this area. The borrower is purchasing these 2 completed units from Prez Enterprises. Our borrower will then lease up the properties and sell the rented properties to their investors as cash flowing assets. Each home sits on approximately .17 acres of land with units ranging from 2,446 to 2,700 square feet in size. The address to the first Assessor Parcel Number shown above is 501 East 21st Street Wolfforth, TX 79382 and the second one is 2006 Bryan Avenue Wolfforth, TX 79382. Loan Amount: $700,000 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 6/26/2025.

By |January 8th, 2024|Funded Investments|0 Comments
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Kavison Homes, LLC #6054 | NEVADA – FUNDED

The collateral for this loan is an unfinished residential lot with 0.76 acres of space located just under one mile east of the Harry Reid International Airport in Las Vegas. Improvements include multiple points of ingress and paved roads to the parcel. In the surrounding area there are other residential communities and commercial units located on the north, east and south sides of the lot. The lot was sold back in June of 2022 and has been sat on due to the economy, but it has now been deemed an exceptional time to start funding this project that includes eight townhomes. The borrower has already consulted with a few of the top developers in Las Vegas to price out construction jobs. The borrower ultimately chose M Square Development to build these townhomes. Homes in this townhome community sit at 2,888 square feet. Loan Amount: $1,100,000 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 6/27/25.

By |January 5th, 2024|Funded Investments|0 Comments
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Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | T 877.739.9094 | F 702.922.6700 | NVMBL #311 | AZ CMB-0932150 | | Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must be provided applicable disclosure documents.
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