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JCM Development, LLC #5599 | MONTANA – FUNDED

The collateral for this loan consists of an approximately 1.67-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 six building, 24-unit, residential development. Each of the six 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 $2,200 per unit. With an extremely strong rental demand in the area, it is anticipated all the units would be absorbed by the market within one month of completion. The fourplex configuration gives the borrower options of selling individual buildings or refinancing the whole project as an investment. Master Loan Amount: $4,200,000 Yield: 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 4/16/24.

By |October 24th, 2022|Funded Investments|0 Comments
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Village at St Rose, LLC #5570 | NEVADA – FUNDED

First Trust Deed collateralized by a 11.7-acre parcel of land approximately 13 miles south of downtown Las Vegas, NV. Since acquiring the property in late 2018, the borrower has continued to work with local city and county officials to get the property zoned for its intended use. Now that the property zoning of “mixed use” is in place, they have continued to work with officials to get the tentative map approved for a 300,000 square-foot development that will feature a mix of retail, office and medical space. Although leasing is ongoing, the borrower has received approval from the tenant that will occupy over 50% of the project. Loan Amount: $13,300,000 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 3/20/24.

By |September 13th, 2022|Funded Investments|0 Comments
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Mosaic Seven, LLC #5563 | NEVADA – FUNDED

The collateral for this loan is a 3.85 net 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 designation, 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 parcel, 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: $3,258,000 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 3/21/24.

By |September 8th, 2022|Funded Investments|0 Comments
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Green Level West I Apartments, LLC #5564 | NORTH CAROLINA – FUNDED

The collateral for this loan is an approximately 25-acre site that will be entitled to allow for the construction of a 300+ unit apartment building. This site sits contiguous to another property the borrower already owns which totals roughly 35 acres. Since acquiring this site and the property next door, about a year ago, the borrower has worked with the city to modify the zoning to allow for apartments. They are continuing to work with the city to obtain approval on their building plans. This has been a bit slower process than originally anticipated because they “teamed up” with the property owner next door. 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. The borrower for this loan is working alongside Duke Health to get the two projects combined into one master plan which will increase the property’s value given the economies of

By |August 26th, 2022|Funded Investments|0 Comments
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Gold Rose Group, LLC #5554 | NEVADA – FUNDED

The collateral for this loan is a 9,000 square foot custom estate located in Las Vegas, NV. Built in 2001, the “Castle” is a one -of-a-kind property consisting of six bedrooms, nine bathrooms, on 2.24 acres of land. Some of the many features of this French style chateau include, two kitchen islands, seven car garage, hardwood floors, cathedral ceilings, solar field, media room, home gym and a resort style pool. Since acquiring the home and the corresponding land in 2020, the borrower subdivided the “excess” two acres of land into four high end semi-custom homes. All four homes have been built and sold. The borrower recently listed the property for sell for $4,200,000 and expects to have it sold in the coming months. Loan Amount: $2,925,000 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 extension at maturity. Final maturity date is 2/3/24.

By |August 11th, 2022|Funded Investments|0 Comments
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Mosaic Seven, LLC #5549 | 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 prodevelopment 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 a multifamily development as part of the entire planned unit development in addition to this property, 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 should be willing to support both residential as well as industrial developments around this area giving the borrower some flexibility with potential uses. Loan Amount: $3,258,000 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 2/23/24.

By |August 10th, 2022|Funded Investments|0 Comments
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Grays Development Company, Inc #5533-5539 | COLORADO – FUNDED

The collateral for this loan consists of 13.7 partially developed acres of land located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 13.7 acres will be developed into 229 residential units consisting of five-20 unit condo buildings, four-10 unit condo buildings, and 89 single family residences. The 229 total units are part of a larger 800 lot community know as Victory Ridge which the borrower originally acquired about five years ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $500,000. This is the fourth and final takedown the borrower has elected to take from the seller. Lokal Homes, the home builder of this project, is averaging six sales per month since sales began four years ago Master Loan Amount: $22,581,000 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 4/9/24.

By |July 15th, 2022|Funded Investments|0 Comments
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WCI Obsidian Venture, LLC #5531 | NEVADA – FUNDED

First Trust Deed collateralized by 33 acres of residentially zoned land nestled between MacDonald Highlands and Ascaya, two of the premier master planned communities in Southern Nevada. The land was purchased by the borrower in 2020 from an affiliated company of the group that is about to put the property back under contract. Blue Heron is expected to finalize a takedown agreement with the borrower for the purchase of the lots once there are developed. The borrower intends to develop the lots when the final city approval is granted in the coming months (conditional preliminary approval has already been granted). Once Blue Heron finds a buyer for the lot, it will be purchased directly from our borrower and then Blue Heron will build the customer a home on the purchased lot. Loan Amount: $5,700,000 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 no additional extensions available. Final maturity date is 4/6/23.

By |July 11th, 2022|Funded Investments|0 Comments
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Vanquish Capital, LLC #5530 | ARIZONA – FUNDED

The collateral for this first position trust deed is 3.3-acre site that was conditionally approved on 5/4/22 for the construction of a 72-unit townhome project which is laid out on the next page. Since putting the property under contract nearly 14 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property mostly entitled. Typically, FIG would sell each of the units to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $1,700,000 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 extension at maturity. Final maturity date is 1/6/24.

By |July 5th, 2022|Funded Investments|0 Comments
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Citywide Land & Development, LLC #5517-5519 | TEXAS – FUNDED

First Trust Deed collateralized by ten fully developed residential lots in Odessa, TX (about 350 miles west of Dallas, TX and 140 miles south of Lubbock, TX). Ranked as one of the fastest growing micro cities in America, there is a need for new housing supply in this area. The borrower on the loan is acquiring the 10 approximately 0.13 acre lots and has a contractor building each of the units. Each of the 10 units average 1,820 square feet and are three bedrooms with two bathrooms. It is the current intent of the borrower to lease up the units and then sell them to their investors Master Loan Amount: $2,530,000 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 12/13/23

By |July 5th, 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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