Ignite Funding, LLC

Description

Founded in 1995, Ignite Funding has evolved with the changing real estate landscape. Our original business model began as a traditional home mortgage lender providing lending to home buyers. The demand for lending from homebuilders and developers reshaped our business in 2011. Since that time, Ignite Funding has funded more than $100 million in loans with Investor capital.

First Trust Deed collateralized by 4.55 acres of land in Enterprise, NV (approximately seven miles south of Las Vegas, NV). The land is currently zones R-2 for medium density residential which allows for eight units per acre. In addition to the R-2 zoning, the borrower has been working with the city to allow for 39 residential lots to be developed. The borrower has already begun work to develop the land into finished lots. Development is scheduled to be completed in three months at which point the borrower will begin the construction of the single family homes.

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