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 12 to 18 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.