Ignite Funding is proud to announce that it has secured its place on the INC 5000’s list of fastest-growing, privately owned companies for the second year in a row. Ignite Funding was ranked No. 4886, moving up from No. 4928 in 2020.
On August 3rd, 2021, Ignite Funding, a hard money lender, crossed the $1 billion dollar mark in funding residential and commercial real estate loans. It was just last year that Ignite Funding announced the milestone of $750 million funded, which puts this new achievement under their belt at record pace.
The way you transfer your cash to make an investment at Ignite Funding can be detrimental to the safety of those funds, as well as the speed in which they are received. The security of your investment is Ignite Funding’s highest priority, which is why we are taking the time to help educate you on ways you can mitigate your exposure to certain risks while your cash is in transit.
Delays are a reality of the real estate industry, whether it is in getting the loan closed, the development or the construction phase. If you have ever purchased a house before, there is a good chance you experienced a delay in closing on your home; or you may have heard the horror stories from friends and family. Regardless, the same thing can happen in commercial lending, including Trust Deed investments at Ignite Funding. There are so many moving parts to close a loan between the borrower, the lender, and the Title company, that delays are just inevitable. The frequency that Ignite Funding funds loans on a monthly basis will of course subject us to more potential postponements.
Ignite Funding, a hard money lender, experienced zero defaults in 2020, a pitfall that many lenders and real estate developers were unable to avoid due to the global pandemic. Ignite Funding has not taken this achievement lightly, knowing that many in the lending industry were not left unscathed. Ignite Funding attributes this success to their lending philosophies and the various steps they take to mitigate the company’s overall exposure to risk. Risk mitigation is exceedingly important as Ignite Funding’s sole operation is to provide thousands of investors the opportunity to participate in real estate investments through Trust Deeds.
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.
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?
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.
"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."
Did you decide to create a few goals or “resolutions” to follow for the New Year? Did those resolutions also include your financial well-being and investment goals for 2020? It’s easy to just jump on the personal health bandwagon. Eat less carbs, go to the gym more and lose 10 pounds. Maybe this year you should try to do something different. We have put together a few questions and ideas to help spur you on to your journey to achieve those investment goals, whether it’s with Trust Deed investments with Ignite Funding or any other investment opportunities you may have in 2020.