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Texas

Prez Enterprises, Inc. #6393 | TEXAS – ($300,000 AVAILABLE)

First Trust Deed collateralized by a 19 .05-acre parcels of land approximately 12 miles north of downtown Houston, TX. The borrower is purchasing all 19 parcels in the form of finished lots and intends to construct finished spec homes on each lot. Vertical construction is anticipated to begin mid Q4 of 2024 with completion expected to occur sometime in mid-2025. These homes will all be 3 bed 2.5 bath models with 9 homes being 1571 sf and the other 10 homes being 1556 sf. The borrower expects to have these homes pre-sold before construction is complete and will begin marketing them once construction begins. Master Loan Amount: $5,363,000 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 3/25/26.

By |October 8th, 2024|Available Investments|Comments Off on Prez Enterprises, Inc. #6393 | TEXAS – ($300,000 AVAILABLE)
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Sequoia – Dorrell Unicorn, LLC #6300 – FUNDED

The collateral for this loan is a 1.05-acre piece of land located near the corner of Bradley Rd and Dorrell Ln. Since acquiring the land in January of 2023, the borrower worked with the city to allow a subdivision map to be recorded splitting the asset into four quarter acre lots, just like what was done across the street. The borrower also worked with the city to get building permits issued to build homes on the site. Each of the four lots will have one of the two homes depicted above built on them (or the mirror images of those homes). The homes will average nearly 2,700 square feet each and have four bedrooms, three bathrooms with an attached three car garage. The borrower has built the same floor plans nearby so he has a great deal of confidence in what they will cost, and more importantly, what home buyers in the area will want. Master Loan Amount: $2,100,000 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. Term: Nine months with an optional nine-month extension at maturity. The final maturity date is 3/4/2026. *For

By |September 4th, 2024|Funded Investments|Comments Off on Sequoia – Dorrell Unicorn, LLC #6300 – FUNDED
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Keystone Ridge Investments, LLC #6269 – FUNDED

The collateral for this loan is 8 residential lots in Slaton, TX which is approximately 14 miles east of downtown Lubbock, TX. Since acquiring the site, the borrower has successfully worked with the city to subdivide the site into 58 residential lots. The collateral for this loan consists of eight of these lots. Upon the original loan funding, the borrower began building homes on each of the lots that are three bedrooms and two bathrooms each. Each unit is roughly 1,300 sq. ft in size with a two-car attached garage sitting on 1.38 acres of land. The borrower is building 15 units in this community and anticipates building and holding onto each of the units as rentals. Loan Amount: $1,400,000 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 period. The final maturity date is 12/2/25.

By |August 22nd, 2024|Funded Investments|Comments Off on Keystone Ridge Investments, LLC #6269 – FUNDED
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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|Comments Off on Etta Lo, LLC #6083 | TEXAS – FUNDED
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Prez Enterprises, Inc #5955-#5970 | TEXAS – FUNDED

First Trust Deed collateralized by 16 fully built residential homes 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 16 completed units from Betenbough Homes as a bulk transaction since a different buyer fell through. The borrower is under contract to purchase the completed homes at a discounted price given the longstanding relationship between the borrower and builder. 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 borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. This is the fourth such loan structure that we have done with this borrower. Master Loan Amount: $5,352,000 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

By |September 6th, 2023|Funded Investments|Comments Off on Prez Enterprises, Inc #5955-#5970 | TEXAS – FUNDED
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Prez Enterprises, Inc #5939-#5950 | TEXAS – FUNDED

First Trust Deed collateralized by 12 fully built residential homes 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 12 completed units from Betenbough Homes as a bulk transaction since a different buyer fell through. The borrower is under contract to purchase the completed homes at a discounted price given the longstanding relationship between the borrower and builder. 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 borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. This is the fourth such loan structure we have done with this borrower. Master Loan Amount: $3,991,000 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

By |August 15th, 2023|Funded Investments|Comments Off on Prez Enterprises, Inc #5939-#5950 | TEXAS – FUNDED
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Prez Enterprises, Inc #5788-#5801 | TEXAS – FUNDED

First Trust Deed collateralized by 14 fully built residential duplex homes in Lubbock, TX (about 340 miles west of Dallas, 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 14 completed units from Betenbough Homes as a bulk transaction since a different buyer fell through. The borrower is under contract to purchase the completed duplexes at a discounted price given the longstanding relationship between the borrower and builder. Our borrower will then lease up the properties and sell the rented duplexes to their investors as cash flowing assets. Each home sits on approximately .17 acres of land with units ranging from 1,208 to 1,350 square feet in size. The borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. This is the third such loan structure we have done with this borrower. Master Loan Amount: $4,760,000 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 no extension period. Final

By |May 23rd, 2023|Funded Investments|Comments Off on Prez Enterprises, Inc #5788-#5801 | TEXAS – FUNDED
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Citywide Land & Development, LLC #5673-5680 | TEXAS – FUNDED

First Trust Deed collateralized by eight fully built residential homes in Midland, TX (about 330 miles west of Dallas, TX and 120 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 is purchasing these eight completed units from Betenbough Homes as an end of year effort to clear inventory of the sellers’ books. The borrower is under contract to purchase (or already closed on) a total of 23 completed homes over a 45-day period at a discounted price. Our borrower will then lease up the properties and sell the rented units to their investors as cash flowing assets. Each home sits on approximately .12 acres of land with homes ranging from 1350 to 2050 square feet in size. The borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. Master Loan Amount: $2,110,000 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 no extensions available. Final

By |February 1st, 2023|Funded Investments|Comments Off on Citywide Land & Development, LLC #5673-5680 | TEXAS – FUNDED
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Citywide Land & Development, LLC #5660-5666 | TEXAS – FUNDED

First Trust Deed collateralized by seven fully built residential homes in Midland, TX (about 330 miles west of Dallas, TX and 120 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 is purchasing these seven completed units for Betenbough Homes as an end of year effort to clear inventory of the sellers’ books. The borrower is under contract to purchase (or already closed on) a total of 23 completed homes over a 45-day period at a discounted price. Our borrower will then lease up the properties and sell the rented units to their investors as cash flowing assets. Each home sits on approximately .12 acres of land with homes ranging from 1350 to 1760 square feet in size. The borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. Master Loan Amount: $1,850,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. Term: Nine months with no extensions available. Final

By |January 6th, 2023|Funded Investments|Comments Off on Citywide Land & Development, LLC #5660-5666 | TEXAS – FUNDED
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Citywide Land & Development, LLC #5648-5655 | TEXAS – FUNDED

First Trust Deed collateralized by eight fully built residential homes in Midland, TX (about 330 miles west of Dallas, TX and 120 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 is purchasing these eight completed units for Betenbough Homes as an end of year effort to clear inventory of the sellers’ books. The borrower is under contract to purchase a total of 23 completed homes over the next 45 days at a discounted price. Our borrower will then lease up the properties and sell the rented units to their investors as cash flowing assets. Each home sits on approximately .12 acres of land with homes ranging from 1550 to 2050 square feet in size. The borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount Master Loan Amount: $2,300,000 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 no extensions available. Final maturity date is

By |January 3rd, 2023|Funded Investments|Comments Off on Citywide Land & Development, LLC #5648-5655 | TEXAS – FUNDED
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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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