Latest From The Blog

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Special Power of Attorney: Why It Is Required?

Ignite Funding is licensed and regulated through the Nevada Division of Mortgage Lending as a commercial mortgage broker. As such, we must follow the Nevada Revised Statutes (NRS 645B) and Nevada Administrative Code (NAC 645B) as it relates to mortgage brokers. The Division mandates the use of certain forms and disclosures for any mortgage company that engages in private investor activity, one of which is the Special Power of Attorney. The Division requires the Special Power of Attorney to be signed by the investor with the verification of a notary public. The Division also requires this document to be executed by the investor for each loan an investor chooses to participate in.

Hard Money isn't Cheap, so How Do We Compete?

It doesn’t matter if you are looking to finance a home loan or a commercial real estate development, everyone wants to pay the lowest rate possible on borrowed money. It’s no secret that traditional institutions, such as small, medium and large banks, are typically able to offer much lower rates than private lenders like Ignite Funding; so how is it that we remain an integral cog in the wheel of the lending industry?

Trust Deeds: The Fuel Your Retirement Needs and Deserves

The question isn’t at what age you want to retire, it’s at how much income you want to have when you decide to. If you’re simply relying on stocks, bonds, and mutual funds for your investment strategy, then you are missing what could be a pivotal vehicle for the growth of your retirement nest egg. Did you know that you can invest in real estate with a retirement account? With Trust Deeds at Ignite Funding, you can diversify your portfolio from the conventional market AND compound double-digit returns in a qualified account. Trust Deeds have longer hold periods, lower investment minimums, and offer capital preservation, making it an ideal investment to deploy for a long-term retirement strategy.

Valuation Methodologies: Evaluating an Asset Our Way

When determining what Trust Deed investment to invest in, the single most important aspect is the collateral that is backing the loan. The only security an investor has in the event of a default is the real estate itself. Real estate collateral operates in a similar fashion to that of an auto loan. If the auto finance company lends to the consumer and the consumer defaults on the loan, the finance company takes the collateral back. The only true recourse an investor has is the collateral, this is why Ignite Funding is hypersensitive to the current market valuation and future market valuation of real estate.

From Old to New: Why Apartment Conversions Are Taking the Market by Storm

Repurposing old buildings into apartments may not be an exciting new concept, with its roots dating back to the 1950s. But what should capture your attention is that this trend has continued to grow, with almost 800 conversions over the last decade in the United States. That is about 300 more conversion projects in the 2010s than was seen in the early 2000s. Factories and office buildings have been the most popular types of apartment conversions in the past decade.

Hard Money Lender Moves in on Hot Phoenix Market

"The Phoenix real estate market has been as hot as the Arizona summer sun, attracting hard money lenders like Ignite Funding into the desert arena. Positive market drivers, favorable building climate, quality real estate projects and borrowers are all variables that Ignite Funding factors into its lending strategy, and Phoenix checks all the boxes."

Voucher Control: Why Do Lenders Use It?

At Ignite Funding, we believe that understanding every aspect of your investment(s) is important. This includes understanding certain lending practices and strategies that we adhere to in your Trust Deed investments. One practice you should familiarize yourself with is voucher control, which you will most commonly see in projects involving horizontal development and vertical construction. Below we delve deeper into the role that voucher control plays in development and construction loans.

Ignite Funding Finds its Place in INC 5000

INC 5000 recognized Ignite Funding, a hard money lender, as the 4,928 fastest-growing company in North America on August 12th, 2020, having achieved an impressive growth rate of 57.01% in revenue over the past three years. Inc 5000 shines the spotlight on entrepreneurs by ranking privately owned companies that demonstrate significant revenue increase over the past three years.

Keep Vegas Strong: Invest in Your Community

Calling all Las Vegas, Nevada residents! Are you earning double-digit annualized returns on your investments AND investing in your community? With Trust Deed investments at Ignite Funding, you have the opportunity to do both! Las Vegas, Nevada has been Ignite Funding’s home since 2011, so we take pride in the long-term relationships we have established with the homebuilders and private investors that are pivotal to the growth of our own backyard.

Hard Money Lender Combats Common Industry Misconceptions

Ignite Funding earned the highest compliance examination score a licensed mortgage broker can achieve from the Nevada Division of Mortgage Lending. Nevada has some of the most stringent licensing requirements, lending practice regulations and oversight in the nation.

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