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passive income

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
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Rhino Holdings Front, LLC #5058 | OHIO – FUNDED

First Trust Deed collateralized by an approximately 20,000 square foot former indoor skating rink in New Philadelphia, OH (about 85 miles south of Cleveland, OH). Although the property is currently vacant, the borrower has a lease ready to be signed with national tenant 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. The new tenant 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 this national brand 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: $1,300,000 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

By |March 29th, 2021|Funded Investments|0 Comments
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Grays Development Company, Inc #5051-5056 | COLORADO – FUNDED

The collateral for this loan consists of 61 platted and partially developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 61 lots are part of a larger 221 lot community know as Victory Ridge which the borrower acquired about two years ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $380,000. This is the third takedown the borrower has elected to take from the seller. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so later this year. Lokal Homes, the home builder of this project, is averaging six sales per month so far this year. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest Corridor”. Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. 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 |March 29th, 2021|Funded Investments|0 Comments
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Huish Construction, LLC #5044-5049 | UTAH – FUNDED

First Trust Deed collateralized by a seven-acre parcel of land approximately 50 miles southeast of downtown Salt Lake City, UT and 20 miles south of Park City, UT. The borrower is under contract to acquire this 3,700 square foot home and the remaining acreage from the trustee of the estate. Once they own the property, they will work with city officials to get the property subdivided into five additional lots. Each of the five newly created lots will be over an acre and be valued at nearly $200,000 each. As a developer and builder himself, the borrower will complete the land development of the newly created subdivision and built through the community. Preliminary discussion with the city about the subdivision have been positive and the borrower anticipates getting fully approved in three months. Master Loan Amount: $1,500,000 Yield: 10.00% (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: 9 months with an optional nine-month extension period at maturity.

By |March 17th, 2021|Funded Investments|0 Comments
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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
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Harmony Homes Nevada, LLC #5037-5040 | NEVADA – FUNDED

First Trust Deed collateralized by nearly 6.2 acres of residentially zoned land near the corner of Cadence Crest Ave and Sunset Rd in Henderson, NV (roughly 15 miles southeast of downtown Las Vegas). The land is currently zoned PC (Planned Community) which will only allow a few homes to be built on the site. The borrower is currently working with the city to approve a 74-lot community. This tentative map approval for the 74 lot community will happen before the funding of this loan. 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: $1,800,000 Tranche Loan Amount: Between $267,600 and $802,700 Yield: 10.00% (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: 9

By |March 12th, 2021|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #4979-5035 | NEVADA – FUNDED

First Trust Deed collateralized by 57 finished lots near the corner of Boulder Hwy and Lake Mead Pkwy in Henderson, NV (approximately 16 miles southeast of downtown Las Vegas, NV). The borrower purchased the property from the masterplan developer after the site plan had been approved in December of 2019. The site plan allows for 142 townhome lots in four, six, and eight-plex configurations to be built of which this loan encumbers a total of 57. The development work began in the spring of 2020 and was completed for a cost of $5,800,000. With an average sales price of $250,000 per unit, the borrower will be one of the lowest priced builders in the area. Home sales should start in the community at the end of 2021. Loan Amount: $2,679,000 Yield: 10% Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 9 months with one optional 9-month extension period at maturity.

By |March 9th, 2021|Funded Investments|0 Comments
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Sparks Golden Holdings, LLC #4946 | NEVADA – FUNDED

First Trust Deed collateralized by a nearly 15-acre parcel of land approximately 13 miles north east of downtown Reno, NV. The borrower is acquiring these nearly 15 acres from the seller who has tentative approval for a master plan consisting of over 40 contiguous acres of land. Within the masterplan, only the 15 acres the borrower is acquiring will be constructed into apartment units. The remaining acreage will be used for commercial space and condo units. Over the next six months the borrower will continue to work with the city to finalize the predevelopment of the project with the anticipation of June being able to finalize the predevelopment work and obtain building permits for the project. As soon as a building permit is ready to be issued, the borrower anticipates obtaining construction financing to pay off this acquisition loan. Loan Amount: $8,000,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 9 months with an optional six-month extension period at maturity.

By |January 20th, 2021|Funded Investments|0 Comments
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GGD Oakdale, LLC #4825 | KANSAS – FUNDED

First position loan collateralized by a single tenant big box retail building totaling 45,000 square feet in Topeka, Kansas (about 70 miles west of Kansas City, KS). The property is currently 100% occupied to Dick’s Sporting Goods which is a national credit tenant with a market cap of over 4 billion (as of 12/11/2020). This corporate guaranteed lease was recently extended and runs through 2027. Since occupying the property in 2001, the tenant has extended their lease on three separate occasions showing a strong commitment to the site. The base rent of $416,000 is set to increase to $436,000 in 14 months. With this being a “Net Net lease”, the tenant is responsible for the real estate taxes, property insurance, and the common area maintenance. The owner of the property is then responsible for the roof and structure of the building. Loan Amount: $4,100,000 Yield: 12% total interest. 8% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. An additional 4% interest is paid upon the final loan payoff. Term: Nine months with an optional nine-month extension at maturity.

By |December 27th, 2020|Funded Investments|0 Comments
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Green Level West II, LLC #4824 | 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 this closing must happen before year end, the borrower is using Ignite to help finance the acquisition while the entitlements are completed on the whole 40 acres of land. The other two properties the borrower has under contract will not close until the entitlement process is completed which is currently estimated to be in September. 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 on their master plan 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: $2,810,000 Yield: 11% - 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

By |December 11th, 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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