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Investments

JCM Development, LLC #5806 | MONTANA – FUNDED

The collateral for this loan consists of an approximately 4.05-acre parcel of land which is currently zoned B-2 giving the borrower options for many business uses such as manufacturing, residential and multifamily. It is the intent of the borrower to get final approval for a twelve building, 48-unit, residential development. Each of the twelve buildings would be fourplexes to allow for a multitude of takeout financing options. Each of the units will be three bed, two bath units with rental rates averaging $2,400 per unit. With an extremely strong rental demand in the area, it is anticipated all the units will be absorbed by the market shortly after completion. The fourplex configuration gives the borrower options of selling individual buildings or refinancing the whole project as an investment. Within the same complex, the borrower is currently building 24 units so this would be a continuation of that existing construction project. Master Loan Amount: $10,500,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period.  

By |May 26th, 2023|Funded Investments|0 Comments
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1759 Harpsichord Way, LLC #5802 | NEVADA – FUNDED

1759 Harpsichord Way, LLC is a special purpose entity set up to construct this home. Michael Johnson, the manager of the company, has been building semi-custom homes and renovating high-end homes for nearly a decade. As a licensed general contractor, Michael has the experience and expertise to fix most issues that may arise without having to outsource the work. Loan Amount: $1,200,000 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 11/23/24.

By |May 26th, 2023|Funded Investments|0 Comments
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GGD Oakdale, LLC #5729 | NEW MEXICO – FUNDED

The two parcels that are the collateral of this loan sit directly across from the newly renovated luxury apartments known as Blvd 2500 (currently owned by an affiliated company of the borrower). Since acquiring the site in 2016, the borrower has converted the preexisting hotel into the apartment buildings and demolished the indoor waterpark. This “excess land” that we are encumbering will be retained by the borrower even after he sells the apartments. Currently, the borrower is finalizing the lease with a large gas station company as well as large coffee shop who will each operate drive through pads. The gas station will operate on a ground lease meaning the tenant is responsible for everything built on the property and the owner retains ownership rights. The coffee shop will be leased as a “normal” transaction after the borrower constructs the building. Loan Amount: $3,700,000 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. *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 9/28/24.

By |March 28th, 2023|Funded Investments|0 Comments
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FIG Jackson Crossing, LLC #5717-5723 | UTAH – FUNDED

The borrower purchased the 17 acre site back in August of 2021. Since the acquisition, the borrower worked with the city to get the property properly entitled for the community which now consists of two commercial pads and 220 attached residential units. Located approximately 40 miles north of Salt Lake City, UT in Ogden, the property is near a growing part of the city. Both commercial pads have been sold to developers and 80 of the 220 units, leaving the 140 units as collateral of this loan. All 140 units are in some stage of construction from the planning stage through completion. All of the 140 units are presold (pending any unforeseen cancelations). Master Loan Amount: $4,400,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 9/18/24.

By |March 21st, 2023|Funded Investments|0 Comments
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Rhino Holdings Silverdale Village, LLC #5715 | WASHINGTON – FUNDED

The collateral for this loan is an approximately 5.78-acre site that is currently divided into five separate parcels with nearly 80,000 square feet of rentable space. These five separate parcels were built in 1963-1965 and consists of one large inline retail shopping center, two retail pads, and two apartment buildings. Although the project is nearly 80% leased, the lack of capital improvements to the site in many years has made it very hard to rent much of the remaining space. It is the intent of the borrower to demolish the two apartment buildings and two retail pads to make way for two new drive through retail pads. With the two new drive throughs and the deferred maintenance resolved, the unleased space should quickly be absorbed with national tenants. Current tenants include Grocery Outlet and Harbor Freight along with many local tenants. Loan Amount: $13,000,000 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 9/28/24.

By |March 21st, 2023|Funded Investments|0 Comments
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Hillwood Homes at Midway 18, LLC #5713 | UTAH – FUNDED

First Trust Deed collateralized by a 0.96 acre finished lot in Heber City, UT. All of 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 on the 5,099 square foot home. 2,564 square feet are above grade, and the remaining is part of the large walkout basement. Situated on a hillside, the back of the property overlooks the picturesque Heber Valley. Only a few minutes away from new ski resort, Mayflower, the property is ideally located for future demand. Once construction is about 20% completed, they will list the property for sale in an effort to get is sold while the prospective buyer can still choose their desired finishes. Although it isn’t addressed to us, and should be taken with a grain of salt, an appraisal was done on October 3, 2022, showing an as-completed value of $2,025,000. This would mean a loan-to-value of 65%. Master Loan Amount: $1,320,000 Yield: 10% 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 extensions at maturity. Final maturity date

By |March 15th, 2023|Funded Investments|0 Comments
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Gilbert Care, LLC #5711 | ARIZONA – FUNDED

The collateral for this loan is an approximately 14.39-acre site that will be entitled to allow for the construction of medical facilities. On the large three-acre parcel shown in the picture above, the borrower intends to build a 48-bed behavior health facility which is their expertise. With the remaining 11 acres the borrower will look for built-to-suit medical tenants or sell the land off to medical developers. The project sits less than 400 yards from the entrance to the 212 bed Mercy Gilbert Medical Center which opened in 2006. The borrower is currently has a letter of intent with a potential buyer of what will be the behavior health facility. This is the same buyer that has already purchased another behavior health facility from the borrower in 2022. On the remaining 11.39 acres of land, the borrower has not begun finding potential suiters since they believe higher values will be generated after construction is nearing completion. Master Loan Amount: $20,000,000 Yield: 10% 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 two additional nine month extension periods. Final maturity date is 6/27/25.

By |March 15th, 2023|Funded Investments|0 Comments
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Rhino Holdings Brynwood, LLC #5670 | ILLINOIS – FUNDED

The collateral for this loan is a 121,800 square foot shopping center in Rockford, IL. The ten-acre site is mostly vacant after the anchor grocery store tenant vacated the property in late 2021. The borrower purchased the property at auction in December of 2022 with the property only 11% leased. With a finished replacement cost north of $11,000,000 they knew they were buying a project undervalued with the anticipation of quickly filling the vacant space. Over the past few months since acquiring the site, they have two tenants that will lease 82,000 square feet bringing the vacancy down to 21%. Although no tenants are lined up for the remaining vacant space, a local leasing agent has begun work to find renters. The only national tenant currently occupying the property is Baskin Robbins along with 6 local tenants. Loan Amount: $6,500,000 Yield: 10.5% 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%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/23/24.

By |January 20th, 2023|Funded Investments|0 Comments
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Rhino Holdings Kent, LLC #5637 | WASHINGTON – FUNDED

The collateral for this loan is a 66,000 square foot shopping center in Kent, WA. This is part of a larger shopping complex that includes national retailers like Target, PETCO, and Ross Dress for Less along with many local shops. The part of the complex the borrower is acquiring is the far north part of the well performing, highly trafficked property. This space was once used as a large format grocery store but was shut down many years ago and has sat vacant. The borrower has three tenants in tow that will have the property 94% leased. Tenants range from 17,000 square feet to 25,000 square feet and all three have already signed LOI’s on the project. Final leases are expected in the coming weeks. Two of the three tenants should be open and fully operational in 2023 and one of them will not be opening until early 2024.Once all tenants are open for business, the borrower will either refinance or sell the property. Loan Amount: $11,000,000 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

By |December 6th, 2022|Funded Investments|0 Comments
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Rhino Holdings Sparks, LLC #5605 | NEVADA – FUNDED

Since acquiring a majority of the shopping center for $19,100,000 in the past year, the borrower is looking to refinance the collateral of the remaining 66,000 square foot shopping center. The collateral has existing regional tenants like Dotty’s, Paycheck Advance, Metro PCS, and a T-Mobile cell tower. Other tenants in the center include Tractor Supply Company, Autozone, Harbor Freight Tools, Applebee’s, Jack in the Box, Sizzler, Firehouse Subs, and El Pollo Loco. Since acquiring the property, the borrower worked to get a parcel map recorded to sell individual parcels/buildings to prospective buyers. This was done to take advantage of the arbitrage between bulk sales and triple net sales. Simply put, the parts are worth more than the whole. The borrower will continue to work to increase the current occupancy of 66%. Occupancy would increase to 92% once the four tenants he is currently working with sign a lease. Upon getting the occupancy increased, the borrower will begin to sell individual buildings unlocking the additional value in the property. Master Loan Amount: $14,750,000 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

By |November 7th, 2022|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 702.919.4281 | 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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