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Investments

Sargem Management, LLC #5139-5145 | NEVADA – FUNDED

First Trust Deed collateralized by just over 18 acres of land in North Las Vegas, NV. Although the property is currently a level piece of dirt, it had a vibrant past. The property was home to apartments beginning in the early 1960’s and transitioned into low-income housing in the 80’s. As time went on, the property became very rundown, and riddled with crime. After the Department of Housing and Urban Development foreclosed on the previous owner during the financial crisis of 2008, the borrower began working with HUD and the city of North Las Vegas to plan what will eventually become a key piece to the city. The borrower formally acquired the property in October of last year for over $3,000,000 and will formally obtain city approval for an eightbuilding medical complex on 7/21/21. The borrower will then construct and sell each of the buildings once completed which is anticipated to begin in about a year Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the complex. Master Loan Amount: $2,600,00 Tranche Loan Amount: Ranging between $121,000 and $604,000 Yield: 10.00% Interest is paid monthly in arrears

By |July 7th, 2021|Funded Investments|0 Comments
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19North1, LLC #5132 | ARIZONA – FUNDED

First Trust Deed collateralized by approximately 10 acres of land that was once a golf course. Half of the former golf course site has been sold to a national home builder K Hovnanian Homes who has already begun building on the site. K Hovnanian is currently building townhomes ranging from 1,223 square feet to 1,498 square feet with an average closing price around $310,000. The other half of the golf course will be sold to our borrower who will be utilizing the site as a “build to rent” product. All the townhomes our borrower will build will be held onto and operated like an apartment complex instead of being sold off to end users once they are completed. The borrower has already closed on the first of two phases and this loan will encumber the second of two phases (approximately a quarter of the former golf course). Loan Amount: $3,900,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000). 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 periods at maturity.

By |June 11th, 2021|Funded Investments|0 Comments
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Gold Rose Construction, LLC #5080 | NEVADA – FUNDED

The collateral for this loan consists of an approximately half acre lot within the Kensington Manor Subdivision. Proceeds of this loan will be used by the borrower for the construction of an approximately 7,000 square foot two story home and casita. Located in the Northern part of Las Vegas (approximately 18 miles northwest of downtown Las Vegas, NV), this highend home will consist of five bedrooms and seven bathrooms. Additionally, there will be a four-car garage and space for a pool. This is the third construction loan originated by Ignite for the construction of a home within the community. One of the two previous construction loans is under contract to be sold to an end user. Loan Amount: $2,384,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) 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.

By |May 21st, 2021|Funded Investments|0 Comments
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Rhino Holdings Aurora, LLC #5076 | ILLINOIS – SOLD OUT

First position loan collateralized by a retail shopping center totaling 120,000 square feet in North Aurora, Illinois (about 40 miles west of downtown Chicago, IL). The property is currently 76% occupied to national tenants like Michaels, UFC Gym, Petco, Sally’s Beauty, Dollar Tree, and Bath & Body Works. Six out of the seven existing tenants have been leasing the property for over 11 years each showing their dedication to the property. Target and JC Penny’s flank both sides of the property but are not part of this transaction. With current rents over $911,000 annually, the borrower looks to improve the already well performing asset by leasing the remaining 29,000 square feet of vacancy. Current market rents are about 20% higher than what the existing tenants are paying. Loan Amount: $7,400,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) 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.

By |May 7th, 2021|Funded Investments|0 Comments
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Grays Development Company, Inc #5061-#5065 | COLORADO – FUNDED

The collateral for this loan consists of five superpads that will allow for the ultimate construction of twenty townhomes per pad (100 units in total) which are located in Littleton, CO (approximately 20 miles southwest of Denver, CO). These 100 townhome units are part of a larger townhome project that already has 140 units constructed. Because the project has a stigma as a broken development along with the previously onerous construction defect laws, most developers have steered clear of this project. Lokal Homes has purchased a few of these types of projects throughout the Denver metro area with great success. These townhomes will have an average sales price over $290,000 per unit and over 1,100 square feet in size. Master Loan Amount: $5,900,000 Tranche Loan Amount: $1,180,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 9 months with two optional 9-month extension period at maturity.

By |April 2nd, 2021|Funded Investments|0 Comments
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Rhino Holdings Germantown, LLC #5057 | WISCONSIN – FUNDED

First Trust Deed collateralized by an approximately 21,000 square foot former Sears Outlet building in Germantown, WI (about 21 miles northwest of Milwaukee, WI). Although the property is currently vacant, the borrower has a lease ready to be signed with Harbor Freight to occupy the entire property. Once this new tenant is signed up (shortly after acquiring the property), the borrower will begin the renovation work on the property the tenant has requested. Harbor Freight will then begin their tenant specific work to the building with the anticipation of opening to the public in November. Single tenant assets have seen a hot commodity in today’s real estate marketplace. With this in mind, the borrower has teamed up with Harbor Freight as their preferred developer whereby the tenant tells the borrower what building they want to get into, and the borrower will go out and make it happen. This is one of those transactions. Loan Amount: $2,100,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) 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 optional nine-month extension periods at maturity.

By |March 29th, 2021|Funded Investments|0 Comments
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Elation Homes, Inc. #4977 | NEVADA – FUNDED

First Trust Deed collateralized by 14 approximately half acre, fully developed residential lots located in the Valley Heights community in Moapa Valley, Nevada (approximately 58 miles northeast of Las Vegas, NV and 73 miles southwest of St. George, UT). The subdivision includes over 70 homes that are either finished or under contract to be built in the next 30 days. The borrower sold 43 lots within this same community to DR Horton in May of 2019 for $35,000 per lot and this loan is for under $20,000 per lot. Two of the lots will have homes built on them. These two homes will be about 1,600 square feet each and be the same product type this borrower has previously built in this community. Loan Amount: $750,000 Yield: 10.50% 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 one optional nine-month extension period at maturity.

By |March 1st, 2021|Funded Investments|0 Comments
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Harmony Horizon Ridge, LLC #4949 – 4976 | NEVADA – FUNDED

First Trust Deed collateralized by 28 mostly finished residential lots near the corner of Horizon Ridge Pkwy and Horizon Dr in Henderson, NV (approximately 17 miles southeast of downtown Las Vegas). Since acquiring the property in November of 2018, the borrower has successfully obtained approval for the development of a 154-lot subdivision and subsequently completed most of the development work on all three phases of the project. The lots are roughly 0.05 acres in size which was done to ultimately build townhomes on. Townhomes in the community will range between 1,121-1,711 square feet with three to five bedrooms and up to three baths with an average sales price of $290,000. Master Loan Amount: $1,736,000 Tranche Loan Amount: $62,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00% 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 one optional nine-month extension period at maturity.

By |March 1st, 2021|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #4818 | NEVADA – FUNDED

First Trust Deed collateralized by nearly 9 acres of residentially zoned land near the corner of Lake Mead Pkwy and Warm Springs Road in Henderson, NV (roughly 17 miles southeast of downtown Las Vegas). The land is currently zoned PC (Planned Community) which will allow for the development of 18 homes on the site, but the borrower is working with the city to approve a 94-lot community. Although this zoning has been informally approved, it will not become official until the recording (a few more weeks). Additionally, a tentative map has been approved to allow for the construction of the 94 attached townhome units. This is the second community in this area the borrower has done with the exact same floor plans. In about nine months, the borrower will begin the development work on the land which is expected to cost nearly $4,500,000. The first home will not be made available for approximately one year. With plans ranging from 1121 - 1711 square feet and price points of under $250,000, these townhomes will help fill the demand for the entry level buyer. Master Loan Amount: $2,444,000 Tranche Loan Amount: $611,000 Yield: 10.00% (Principal Balance < $100,000) Interest is paid monthly

By |December 3rd, 2020|Funded Investments|0 Comments
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GGD Oakdale, LLC #4817 | NEW MEXICO – FUNDED

First position deed of trust collateralized by two office towers totaling approximately 264,000 square feet, covering 9.31 acres, near the heart of Albuquerque, NM. Currently the property is only 30% leased but the major tenant, The New Mexico Department of Health, is looking to expand and extend their lease. The borrower intends to upgrade the façade of the building, the lobby, and the HVAC system of the 17- story building. Once this work is completed the borrower will consolidate all tenants into the 17-story tower and completely vacate the 10-story building. Once accomplished, the 17- story tower will be over 50% leased at which point they will look to refinance the loan. Upon completion of the main tower, Ignite will release the deed of trust on the vacant 10-story building since we will have sufficient collateral which will allow the borrower to get construction financing to convert the property into approximately 150 apartment building. This is the same strategy he implemented in Albuquerque with a converted hotel. Loan Amount: $4,800,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day

By |December 2nd, 2020|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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