seeking captial for your next development?
ignite funding offers acquisition, development and construction financing
The following criteria should be considered by Borrowers before sending a funding request.
Types of Loans
At Ignite Funding, we offer the following loan types:
- Financing or refinancing of non-primary residential or income-producing commercial structures
- Acquisition or refinancing of undeveloped land
- Development and construction of residential or commercial projects
- Acquisition of distressed assets from regional banks, the FDIC, and other lenders
Ignite Funding generally lends within the following loan-to-value ratio ranges depending upon property type, location, and other relevant factors associated with the property for developers seeking capital:
- Land Acquisition | Up to 65% of the acquisition value of the land
- Development | Up to 70%
- Construction | Up to 75%
The per loan funding limits are $500,000 to $15 million.
Loan terms are generally between 6 to 9 months. Extensions may be offered subject to additional fees. Longer term loans are considered on the overall project viability and strength of the borrowing entity.