Ignite Funding Hedges Against Market Corrections in Real Estate
LAS VEGAS, April 28, 2021 / PRNewswire / – Ignite Funding, a tough money lender, saw no defaults in 2020, a threat that many lenders and real estate developers were unable to avoid due to the global pandemic. Ignite Funding reduces risk by deviating from the “one-size-fits-all” approach to lending. This flexibility allows them to work with developers with different levels of expertise and product type to maintain a diverse portfolio that has been essential in times of market fluctuations.
Developers whose business strategy may not align with traditional “cookie cutter” funding should consider using Ignite Funding to fill this void. “Ignite Funding is always on the lookout for new borrowers who are suitable for the what-if scenarios,” he says Pat Vassar, Director of Underwriting for Ignite Funding. “This includes the ability to recreate and evolve with the market. Regardless of whether a different type of product is developed or moved to a different region, we will help you navigate this process.”
Ignite Funding typically lends in the western US, but is open to working with bankable borrowers in non-judicial states with a long history in the region and a solid track record. Ignite Funding provides loans for acquisitions, horizontal and vertical development / redevelopment of residential and commercial projects. Examples of projects are townhome or master plan communities, rehabilitation of lifestyle centers, renovations of apartments, projects with mixed use, industrial projects and much more.
At the end of December 2020, Ignite Funding had $ 175 million in managed loans. To date, Ignite Funding has enabled 1,376 real estate investments that have been co-financed $ 907 million 51 investors in 16 states will have the opportunity to purchase and develop more than 12,000 acres of land, 8,100 residential lots and 3.5 million square feet of commercial space.
About Ignite Funding
Ignite Funding is proving that home lending is not stopping due to an epidemic as its investors continue to fill the void left by traditional bank lending. If you, as a developer, are looking for loans that match your goals, click here to review our loan criteria and schedule a consultation with the Director of Underwriting.
Contact: Izzy Irizarry
SOURCE Ignite Funding