Ignite Funding
Ignite Funding is a Las Vegas-based private real estate lender and licensed mortgage broker that originates short-term loans for residential and commercial developers. It finances acquisition, development, construction, and bridge/refinance projects across 12 states using capital from trust deed investors.
Ignite Funding’s Lending Activity
Data Provided By Elementix12mo Loan Volume
$238,115,000
12mo Loan Count
39
Total Loan Volume
$2,439,501,114
Average Loan Size
$3,407,124
Loan Count by State (Past 12 Months)
NV: 18, CO: 4, UT: 10, AZ: 2, WA: 1, TX: 2, ID: 1, MT: 1
Company Quick Facts
- Year Established: 1995
- Headquarters: Las Vegas, Nevada
- Company Type: Private real estate lender and licensed mortgage broker
- Capital Model: Loans are funded by private investors participating directly in collateralized trust deed investments
- Loan Types: Acquisition, refinance, development, construction, and bridge financing
- Property Types: Non-owner-occupied residential, commercial properties, undeveloped land, and residential or commercial development projects
- Geographic Focus: Arizona, Colorado, Idaho, Illinois, Michigan, Montana, Nevada, New Mexico, Oregon, Texas, Utah, and Washington
- Primary Customers: Residential and commercial real estate developers and other qualified real estate borrowers
- Typical Loan Amount: $1 million to $10 million, with larger loans considered depending on the project
- Typical Loan Term: 9 to 18 months, with extensions and longer terms considered in certain cases
- Maximum Leverage: Up to 65% on land acquisition, 70% on development, and 75% on construction
- Loans Under Servicing: Approximately $450 million
- Average Loan-to-Value: Approximately 65%
- In-House Functions: Loan underwriting and origination, capital fundraising, loan servicing, investor relations, tax reporting, foreclosure coordination, and REO management
Office Locations
6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119
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