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Chicks Dig Scars, LLC #6208 | NEVADA – ($1.5M Available)

The collateral for this loan is a 1.13 acre parcel of land located in the “Arts District” of Las Vegas, Nevada. The Arts District has seen an enormous amount of revitalization after large capital infusions in the area have completely changed the overall dynamics. The 32,000 square foot building was originally constructed in the 1950’s for Mission Linen Supply company which provided uniforms for the casinos throughout the 20th century. The plan of the borrower is to preserve the historical aesthetic of the building by bringing in three synergistic tenants to the area. Half of the space will be occupied by the Evel Knievel Museum which will become the flagship Evel Knievel experience and museum. The other half of the property will be occupied by a pizza tenant and a café. Over the next 12 months, the borrower anticipates spending nearly $10M prior to closing on a construction loan. Total project costs are expected to be $19.5M. A small portion of the 1.13 acres will be released from this collateral once a parcel split has been completed. This will result in no money coming back to the investors, but the BPO shown herein already takes that into account. Loan Amount:

By |March 12th, 2024|Available Investments|0 Comments
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Three Palms, LLC #6164 | NEVADA – FUNDED

The collateral for this loan is a 0.28 acre finished residential lot in McDonald Ranch which is a luxury, guard gated community in Henderson, NV (a suburb of Las Vegas). The lot was purchased in the middle of 2023 for $1,100,000 and since that time the borrower has been approved to build a custom home working with the city and HOA to get it done. The home will be about 7,168 square feet with an asking sales price north of $8,000,000. This would be the fifth such home the borrower has built in the same community over the past few years. Loan Amount: $3,100,000 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 7/31/25.

By |February 12th, 2024|Funded Investments|0 Comments
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Hillwood Homes at Silver Creek, LLC #6169 | UTAH – SOLD OUT

First Trust Deed collateralized by four finished lots in Park City, UT. All 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 each of the nearly 5,000 square foot homes (including partially finished basements). Situated in the Silver Creek Village community that the borrower is currently building in, they have a great understanding of the type of home the market is looking for. Three of the homes are presold and the fourth home won’t be listed for sale until it is approximately 30% complete. Homes in the community average over $1,000,000 each. Master Loan Amount: $3,400,000 Yield: 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 7/31/25.  

By |February 12th, 2024|Available Investments|0 Comments
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Rhino Holdings Summit, LLC #6165 | NEVADA – FUNDED

The collateral for this loan is part of an approximately 600,000 square foot shopping center known as The Summit Shopping Center in Reno, NV. The specific collateral for this loan is a 20,342 square foot parcel that will have a 2,332 square foot building constructed. The single tenant building is 100% preleased to a national Mexican quick serve restaurant that anticipates opening in July. The property sits off interstate 580 which has over 50,000 cars passing it per day, giving the shopping center great visibility and access. The tenant has signed a new 10-year lease with four five-year options to extend. The tenant is responsible for all costs except the roof and structure which are the landlord’s responsibility with makes this a true triple net lease. Loan Amount: $2,628,000 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. Final maturity date is 10/29/2024

By |February 1st, 2024|Funded Investments|0 Comments
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Grays Development Company, Inc #6156-#6163 | COLORADO – FUNDED

The collateral for this loan consists of 190 partially developed residential lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 190 lots are part of 13.7 acres that is being 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 known as Victory Ridge which the borrower originally acquired back in 2018. The townhomes will average 1,600 square feet in size with an anticipated sales price averaging over $485,000. 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 nearly six sales per month since sales began five years ago. Master Loan Amount: $18,650,000 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 two optional nine-month extensions at maturity. Final maturity date is 4/27/26. *For investments equal to or greater than $100,000 investors will earn 10.5%.  

By |February 1st, 2024|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #6128-#6142 | NEVADA – FUNDED

First Trust Deed collateralized by 98 finished residential lots in the Cadence Master Planned Community near the corner of Grand Cadence Drive and Sunset Road in Henderson, NV (roughly 15 miles southeast of downtown Las Vegas). This is the second phase of the larger 150 lot community that the borrower is actively selling in. This is the third community in this area the borrower has done with the exact same floor plans. With plans ranging from 1121 -1711 square feet and price points of under $350,000, these townhomes will help fill the demand for the entry level buyer. The first phase of the community continues to sell homes even in this post COVID era where home sales have slowed. Master Loan Amount: $4,018,000 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 7/23/25.

By |January 16th, 2024|Funded Investments|0 Comments
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Lokal Communities, LLC #6102-6110 | COLORADO – FUNDED

The collateral of this loan consists of urban style townhomes located about 15 miles east of downtown Denver and just minutes from Denver International Airport. Most of the homes constructed have been sold already with less than 10 remaining available for sale. Townhomes in the community range from 1,051 to 1,264 square feet and are selling anywhere from $344,000 to $387,000. Lokal Homes is offering multiple two-bedroom, two-bath and multiple three-bedroom, three-bath floor plans to accommodate single family residents. The community known as Gateway Commons offers a central grass park with fire pit and a dog park. Each of the units has a one-car garage included. The borrower currently anticipates completely selling out of the units by the end of the summer. Master Loan Amount: $2,398,000 Yield: 12% 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 7/8/25.

By |January 9th, 2024|Funded Investments|0 Comments
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Lokal Communities, LLC #6089-6100 | COLORADO – FUNDED

The collateral of this loan consists of 3-story urban style townhomes located about 5 miles south of downtown Denver. A majority of the homes constructed have been sold already with only 5 remaining available for sale. Townhomes in the community range from 1,238 to 2,157 square feet and are selling anywhere from $569,990 to $764,990. Lokal Homes is offering two-bedroom, two- and one-half bath, three-bedroom, two- and one-half bath, three-bedroom, three- and one-half bath and two types of four-bedroom, three- and one-half bath floor plans to accommodate single family residents. The community known as The Hub at Virginia Village offers a BBQ area and a Bocce Ball court for all of its residents to enjoy. Each of the units has a two-car garage included. The borrower currently anticipates completely selling out of units by the end of the summer. Master Loan Amount: $4,096,000 Yield: 12% 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 7/7/25.  

By |January 8th, 2024|Funded Investments|0 Comments
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Etta Lo, LLC #6083 | TEXAS – FUNDED

First Trust Deed collateralized by 2 fully built residential duplexes in Wolfforth, TX (about 12 miles southwest of Lubbock, TX). Consistently ranked in the fastest growing markets in Texas, there is a need for new housing supply in this area. The borrower is purchasing these 2 completed units from Prez Enterprises. Our borrower will then lease up the properties and sell the rented properties to their investors as cash flowing assets. Each home sits on approximately .17 acres of land with units ranging from 2,446 to 2,700 square feet in size. The address to the first Assessor Parcel Number shown above is 501 East 21st Street Wolfforth, TX 79382 and the second one is 2006 Bryan Avenue Wolfforth, TX 79382. Loan Amount: $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 nine-month extension at maturity. Final maturity date is 6/26/2025.

By |January 8th, 2024|Funded Investments|0 Comments
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Nola Star Holdings, LLC #6058 | NEVADA – FUNDED

The collateral for this loan is a residentially zoned 8.83-acre parcel of land situated near the NW corner of Smoke Ranch Rd and Rancho Dr. The property is directly north of an 11.77-acre site that the borrower is currently building over 300 apartment units on. Our collateral will be the next phase of development and will continue with the multifamily development. Both parcels are just west of the North Las Vegas Airport. At the northernmost cross access easement, which extends west from North Rancho Drive, there is a signaled traffic light which also greatly improves access to the sites. In the surrounding area there are other residential communities and commercial units located on all sides surrounding the lot. Also, all underground utilities, including gas, water, and sewer are completed and extended to the subject site. The lot was purchased about three years ago and since that time the borrower has started construction on the first phase and will begin construction on this phase in about a year Loan Amount: $7,366,000 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 two additional nine-month extension

By |December 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 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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