Year in Review

As we near the end of 2015, we at Ignite Funding would like to reflect with the people that mean the most to us, YOU.

Prior to 2015, we reaped the rewards of having a zero default rate. We all know that is not the standard, although we strive to achieve this goal for our investors.  In 2015, we experienced two borrower scenarios; one in which a borrower walked away from the vast majority of their acquisition and development portfolio from us and many other lenders, and a borrower who sold a segment of their company off indirectly weakening their infrastructure, thus hindering their ability continue with some projects.

To some this may have seemed  like the “sky was falling”, but to us we saw it as an opportunity to illustrate to our investors that the company you have entrusted to underwrite quality real estate investments for you would be there for you in good times and in bad. Despite this sounding doom and gloom, we as a company prepare for this type of situation long before we offer the project and/or underwrite a loan and therefore despite it being a long arduous process, we made it through.  

The pleasure comes in the fact that without this occurring we never would have been able to do the following this year: 

  • Bring on 3 new borrowers: Mosaic, Lokal Homes and All West Homes. Our new borrower relationships are being developed to provide diversification, new opportunities and cultivate long-term partnerships.

  • Expand investor diversification options in land, development and/or construction projects across Colorado, Nevada, Utah and Texas.

  • 5 of the 6 REO properties acquired through the foreclosure process this year are projected to be sold by the end of this year with a minimum of a 100% original capital return to our investors. The remaining REO property is being actively marketed for sale.  As with the results defined, you have our word that any additional properties taken back through foreclosure will receive the same diligence that you will come to expect of Ignite Funding.

This year has provided us with a variety of great experiences to allow our company, team members and management the ability to stretch out skill sets and ultimately back up our promises of being “all about our investors”. Upon the closing of the year, we reflect on what we have accomplished and are thankful for the growth and new partnerships it provided us, when one door closes another opens.

We wish you and yours a wonderful holiday season and look forward to helping you make even more money in the coming years!

Sincerely,

Carrie Cook

[fa icon="upload"]

How To:

You can securely upload files directly to us ONLINE or by clicking the link at the bottom of an email from your Investment Representative or Loan Processing.
[fa icon="pencil-square"]

We Want to Hear From You

CLICK HERE to take a short survey so that we can get a better understanding of who our clients are and how we can serve you better.
[fa icon="home"]

Update Your Address

Coming upon a new year, update any address information with us DIRECTLY or on our CONTACT PAGE

 

By The Numbers

November

Total Amount Funded
$1,216,000
Borrowers
# of Loans
9
# of Borrowers
2
Avg. amount of loan
$135,111
Investors
# of Investors
33
# Invested with IRA
21
Avg. # of investors per loan
3.6
Avg. amount of investment
$36,848