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Skye Meadows 34, LLC #5832-#5863 | UTAH – FUNDED

First Trust Deed collateralized by 32 finished lots in the Sky Meadows Subdivision in Spanish Fork, UT (approximately 54 miles south of downtown Salt Lake City). The borrower is acquiring these 32 lots as well as two additional lots in the community. The community consists of 49 total lots with the remaining lots being held by a separate homebuilder. These finished lots are ready to have building permits pulled and home construction started. The borrower anticipates two starts per month starting in month three. This means they anticipate paying all this loan in its entirety when the loan fully matures. Homes in this community will be four bedrooms, 3.5 bath homes with a two car attached garage. Home prices will start in the high $600’s with an anticipated average sales price of $720,000. The first home closing should occur in the first quarter of 2024. Master Loan Amount: $5,472,000 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 12/20/24.

By |June 26th, 2023|Funded Investments|0 Comments
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Sequoia – Dorrell Eula, LLC #5828 | NEVADA – FUNDED

The collateral for this loan is a 0.46-acre piece of land located on the corner of Eula St and Dorrell Ln. Now that the required governmental entities have approved the construction of the 5,073 square foot house, the borrower is ready to begin construction of the home. These are nearly identical building plans to ones he has previously built and sold on two separate occasions about a mile away from this location which enables him to really know what final costs are going to be and tweak the plans slightly based on feedback from the prospective buyers on his other homes. It is anticipated the borrower will begin work on the property within a month after funding with an anticipated construction timeline of 10 months. Loan Amount: $1,083,000 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 12/26/24.  

By |June 13th, 2023|Funded Investments|0 Comments
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Southbridge, LLC #5826 | IDAHO – FUNDED

The collateral for this loan is 11 acres of land in Idaho Falls, ID. Since acquiring the land about two years ago, the borrower worked with the city to get the plat map approved for the construction of a 160-unit build-to-rent townhome community. Although the collateral for the project is all the land that will ultimately become the 160-unit community, this loan is for the vertical construction of 84 of the units and the land associated with phase two which will eventually be 76 more units. In this fast-growing market, rental rates have outpaced the supply of available product which this property will help to satisfy. Lease up should happen in short order which will allow for the refinance to happen on a rolling basis. Each of the units will average 1,425 square feet and are anticipated to rent for $1,825 per month. It should also have one of the nicest amenity packages in the entire market. Loan Amount: $15,800,000 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 period. The final maturity date is 12/7/24  

By |June 13th, 2023|Funded Investments|0 Comments
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Blue Heron Strata, LLC #5810-5825 | NEVADA – FUNDED

First Trust Deed collateralized by 16 finished lots in the Lake Las Vegas area which is approximately 20 miles southeast of downtown Las Vegas. Since purchasing the property in September of 2022, the borrower successfully worked with the city and master HOA to get approval for the construction of homes on the property that meets the design requirements of the area. Originally acquiring 19 lots, the borrower oversaw the completion of the lots and ultimate sale of one of the lots. Two of the other lots are not encumbered by this loan since they are scheduled to be paid off in the coming months. The 16 unsold lots encumbering this loan are all available for sale. Blue Heron typically sells the lots to prospective home buyers who then contract with the Blue Heron to construct a home on the property. The borrower is also building a similar product line in a different community in Lake Las Vegas which is currently serving as the model home/sales office for this community until a new model home can be constructed. Given the size of the home and complexity of design, the model home won’t be finished for about a year. Master Loan Amount:

By |June 8th, 2023|Funded Investments|0 Comments
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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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Blue Heron Stonewater, LLC #5751-5785 | NEVADA – FUNDED

First Trust Deed collateralized by 35 mostly finished lots near the corner of Southern Highlands Pkwy and Stonewater Ln in Las Vegas, NV (approximately 15 miles south of downtown Las Vegas). Since purchasing the property in December of 2021, the borrower successfully worked with the city to get approval for a 36-lot community which they then developed into mostly finished lots. This loan encumbers 35 of the 36 units in the community with one lot not encumbered which will be the model home. Construction on the model home has already begun and should be completed in the first quarter of 2024. This community is truly an infill parcel as part of the project is a converted parking lot. Homes in the community will average 3,450 square feet and are expected to sell for an average of $1,500,000. Three of the lots have reservations which will turn into contracts after the development work is completed. Contracts for these three units should happen 90 days after closing. Master Loan Amount: $9,036,000 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

By |May 18th, 2023|Funded Investments|0 Comments
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Mosaic Seven, LLC #5746 | NEVADA – FUNDED

The properties consist of 7.5 acres of land which was purchased by the borrower in 2016 from the Bureau of Land Management. Since that time, the borrower has gone through many different rounds of negotiations with the county over land use to get the property rezoned. The property has a rural subdivision approval which allows for the development of 13 homes. It is anticipated that the property will receive the final map approval ultimate layout of the community in the ensuing months at which point the borrower will sell the property to a local homebuilder. Loan Amount: $2,050,000 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 11/7/24.

By |May 4th, 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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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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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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