FacebookTwitterLinkedInYouTube

Las Vegas

Mosaic Seven, LLC #5224 | NEVADA – FUNDED

The collateral for this loan is a five-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property does not currently have a zoning classification, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Loan Amount: $2,842,000 Yield: 10% interest rate 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 4/2/23.

By |September 28th, 2021|Funded Investments|0 Comments
Read More

Blue Heron Oasi, LLC #5153 – 5177 | NEVADA – FUNDED

First Trust Deed collateralized by nearly 13 acres of residential land near the corner of Warm Springs and Pecos in Las Vegas, NV (approximately 11 miles south of downtown Las Vegas). Since going under contract on the land, the borrower has received approval to build four extra homes than the previous zoning allowed and to build two story homes instead of the one story that was previously permitted. The additional four homes have created an additional 20% of value that the previous owner was unable to “unlock”. Maybe more importantly, the homes will now be two story homes which will give them enough height to overlook the surrounding homes and have views of the Las Vegas Strip. “Strip” views, no matter the location within Las Vegas command a premium over surrounding properties. Once the property is purchased, the borrower will begin development on the site. Ignite Funding intends to be the development lender as well. Master Loan Amount: $6,960,000 Tranche Loan Amount: $290,000 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%

By |July 26th, 2021|Funded Investments|0 Comments
Read More

Dragonstone, LLC #5149 | NEVADA – FUNDED

First Trust Deed collateralized by a finished .67-acre residential lot located in the prestigious master plan community of McDonald Highlands in Henderson, Nevada. Since acquiring the property about two years ago, the borrower has been working with the city and master plan developer to get approval of a lot split. It is anticipated that the final lot split will be recorded by December which will allow the borrower to sell the lots individually. Each of the two proposed lots will have unobstructed views of the Las Vegas valley, including the infamous Las Vegas strip. Additionally, it is anticipated that land will be added to this lot from the masterplan builder to make each of the two proposed lots a half acre each. Loan Amount: $1,350,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1 st of each month with a 10-day grace period. Term: 9 months with one optional 9-month extension period at maturity.

By |July 19th, 2021|Funded Investments|0 Comments
Read More

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
Read More

Primo Holdings, LLC #5135 | NEVADA – FUNDED

The collateral for this first position loan is an approximately 29-acre site in unincorporated Clark County, just south of Sloan, NV (approximately 10 miles south of “The Strip” in Las Vegas, NV). Although the current zoning classification is Rural Open Land, the county has already approved a plan to rezone the project to a Commercial Tourist designation. Under this newly planned designation, the borrower intents to build three industrial distribution facilities totaling more than 440,000 square feet. In addition to this planned facility, the borrower also owns the land on the other side of the highway which they will construct into another industrial building. Although it is not within the borrower’s current plans, they have received nearly a dozen offers to buy the property with offers up to nearly $12,000,000. This is a piece of property that has not changed ownership in nearly 30 years. The principals of the borrower have worked in the industrial and retail sectors of real estate in and around Las Vegas for over three decades. Loan Amount: $7,000,000 Yield: 11% regardless of investment size. Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term:

By |June 16th, 2021|Funded Investments|0 Comments
Read More

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
Read More

Elegance Russell, LLC #5079 | NEVADA – FUNDED

This first trust deed is collateralized by 11.16 acres of land currently zoned R-3 for medium density residential housing located about 11 miles southeast of downtown Las Vegas, NV. Since getting the up zoning approved, the borrower will continue to work with the city to get approval on their proposed tentative plat map. The property the borrower intends to develop is a 240-unit age restricted community where only people over the age of 55 will be allowed to live. The borrower currently owns and or manages over 5,000 rental units in and around Las Vegas, so they have a tremendous amount of experience in the field. Loan Amount: $3,700,000 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 13th, 2021|Funded Investments|0 Comments
Read More

Ten15 Craig Tenaya, LLC #5075 | NEVADA – FUNDED

The collateral for this loan is 0.95 acres of land located near the corner of Craig Road and US-95 which is about 9 miles northwest of downtown Las Vegas, NV. Since acquiring the property in March of 2016, the borrower has worked with the city to allow for the construction of a 4,039 square foot drive thru outparcel. Additionally, work began on the vertical construction back in February of this year and they are currently 50% complete. The picture above was taken of the site in late April as work continues to progress. The property is 100% preleased to Bonanno’s New York Pizzeria and Plant Power Fast Food. This will be Bonanno’s fifth location in Las Vegas and Plant Power’s eighth location but the first in Las Vegas. Construction will continue on the project and is expected to be completed in August of this year. Loan Amount: $2,650,000 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 extensions at maturity.

By |May 6th, 2021|Funded Investments|0 Comments
Read More

The Pass at Black Rock, LLC #5059 | NEVADA – FUNDED

First Trust Deed collateralized by 6.46-acres of land that is currently zoned Office Commercial. Located approximately 15 miles southeast of downtown Las Vegas and very near the prestigious master plan community of McDonald Highlands in Henderson, Nevada, the site is part of the larger “Pass at Black Rock”. The Pass at Black Rock is the brainchild of the borrower who is currently working with the city to approve this mountain bike park. On this site, the borrower has plans for 60 apartment units on top of nearly 90,000 square feet of retail. Directly south of the site is a 122-lot community that the borrower has worked through since late 2017. In addition to the collateral shown above, the borrower is working with the City of Henderson on a land swap that will add six finished lots to the collateral once completed (fall 2021). Loan Amount: $3,000,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1 st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

By |March 30th, 2021|Funded Investments|0 Comments
Read More

Brass Monkey, LLC #5041 | NEVADA – FUNDED

The collateral for this loan is 2.63 acres of land located on the Southeast corner of Charleston Blvd and Maryland Pkwy near the heart of downtown Las Vegas, NV. On the land is a 28,620 square foot building that has been part of an ongoing litigation for many years. Originally built in 1944, the property (commonly known as the Huntridge Theater) has not been in operations since 2004 due to ongoing litigation between the current owner and the city. Since the property was listed on the National Register of Historic Places in 1993, the city’s involvement became too much for the current owner to handle. The city put a lien on the property given the numerous code violations which has scared away many potential suiters for the project. Our borrower, Dapper Companies, has already worked with the city to have the liens removed as part of the closing. This alone will unlock tremendous value since any new buyer would not have this burden. Over the next year, the borrower will work to get building permits and leases signed. Once this is completed, this loan will be paid off with a construction loan. Loan Amount: $2,600,000 Yield: 10.5% (Principal Balance ≥

By |March 12th, 2021|Funded Investments|0 Comments
Read More
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.
FacebookTwitterLinkedInYouTube
loading