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Rhino Investments

Rhino Holdings Clackamas, LLC #5934 | OREGON – FUNDED

The collateral for this loan is an approximately 121,137 square foot building that is part of the Clackamas Town Center in Happy Valley, OR (approximately 10 miles southeast of downtown Portland, OR). The site is 7.49 acres and is one of the largest buildings that is part of the Clackamas Town Center which is second most visited shopping center in Oregon with 9.4 million annual visitors in 2020.Located in Happy Valley, the second wealthiest city in Oregon, is known as “a gem with a great name.” This building was once home to Nordstrom but has been vacant for nearly three years. The borrower is in negotiations with one of the world’s largest indoor “fun parks” to occupy the entire facility. The prospective tenant has over ten locations spread across the America’s. Loan proceeds will be used to acquire the site, pay leasing companies, permits, deferred capital improvements, tenant improvements, and carrying costs. Loan Amount: $14,000,000 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 2/9/25.

By |August 2nd, 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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Rhino Holdings Silverdale Village, LLC #5715 | WASHINGTON – FUNDED

The collateral for this loan is an approximately 5.78-acre site that is currently divided into five separate parcels with nearly 80,000 square feet of rentable space. These five separate parcels were built in 1963-1965 and consists of one large inline retail shopping center, two retail pads, and two apartment buildings. Although the project is nearly 80% leased, the lack of capital improvements to the site in many years has made it very hard to rent much of the remaining space. It is the intent of the borrower to demolish the two apartment buildings and two retail pads to make way for two new drive through retail pads. With the two new drive throughs and the deferred maintenance resolved, the unleased space should quickly be absorbed with national tenants. Current tenants include Grocery Outlet and Harbor Freight along with many local tenants. Loan Amount: $13,000,000 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 9/28/24.

By |March 21st, 2023|Funded Investments|0 Comments
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Rhino Holdings Kent, LLC #5637 | WASHINGTON – FUNDED

The collateral for this loan is a 66,000 square foot shopping center in Kent, WA. This is part of a larger shopping complex that includes national retailers like Target, PETCO, and Ross Dress for Less along with many local shops. The part of the complex the borrower is acquiring is the far north part of the well performing, highly trafficked property. This space was once used as a large format grocery store but was shut down many years ago and has sat vacant. The borrower has three tenants in tow that will have the property 94% leased. Tenants range from 17,000 square feet to 25,000 square feet and all three have already signed LOI’s on the project. Final leases are expected in the coming weeks. Two of the three tenants should be open and fully operational in 2023 and one of them will not be opening until early 2024.Once all tenants are open for business, the borrower will either refinance or sell the property. Loan Amount: $11,000,000 Yield: 11% 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

By |December 6th, 2022|Funded Investments|0 Comments
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Rhino Holdings Schaumburg, LLC #5222 | ILLINOIS – FUNDED

The collateral for this loan is a 54,641 square foot, vacant office building siting on a 2.1-acre site. Since acquiring the site earlier this year, the borrower has remedied the deferred maintenance to better position the property for an end user. Although the four-story office building was previously a single tenant office building, the floor plan is conducive to transition into a multi-tenant property. Originally the borrower intended to lease the property before selling it however it will now be sold as-is. The property will be auctioned in November with an anticipated close in December. The auction site expects the property to sell for $1,200,000. Loan Amount: $850,000 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 3/20/23.

By |September 9th, 2021|Funded Investments|0 Comments
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Rhino Holdings Village, LLC #5221 | WASHINGTON – FUNDED

The collateral for this loan is an approximately 5.78-acre site that is currently divided into five separate parcels with nearly 80,000 square feet of rentable space. These five separate parcels were built in 1963-1965 and consists of one large inline retail shopping center, three retail pads, and two apartment buildings. Although the project is nearly 80% leased, the lack of capital improvements to the site in many years has made it very hard to rent much of the remaining space. Our borrower plans to demolish the two apartment buildings and two retail pads to make way for two new drive through retail pads. With the two new drive throughs and the deferred maintenance resolved, the unleased space should quickly be absorbed with national tenants. Current tenants include Grocery Outlet, Kitsap Credit Union, New American Funding along with many local tenants. Loan Amount: $14,000,000 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 3/28/23.

By |September 9th, 2021|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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