Realty411 Magazine Featuring Patty Arvielo - New American Funding | Page 29
These are the types of investments, which have made
the likes of Warren Buffett, Sam Zell, Blackstone,
and Bank of America very wealthy.
Some big funds and new note brokers have
recently made this space popular in heralding
the benefits of investing in distressed debt and
non-performing existing loans. In contrast, Cook
explains that Ignite focuses on issuing new cap-
ital to strong builder developers with great track
records. Specifically, the firm’s president explains
that they carefully curate “a pool of highly-prized
borrowers who have been in business for at least
10 years.”
In fact, this lender-broker does not even op-
erate a borrower facing platform. They seek out
those they see are the most qualified. If builders
do find them, Cook says they “accept only around
20% of the requests received.” The funds are
used for acquisition, development, and construc-
tion, and target a 10% to 12% annualized return
to investors.
THIS IS NOT WELLS FARGO
Among the refreshing differences that investors
will find at Ignite Funding is a serious dedication
to sustainability and transparency.
Those are words that are easy for companies
to spout out these days to capitalize on trends.
But this company proves it by really putting the
information out there. Other CEOs, especially in
this male-dominated field, might deem some of
this transparency clearly unnecessary and going
too far. Yet, it is clearly in favor of the investors,
as it holds their asset manager to a high standard
and ensures they are working hard to deliver the
best results today and over the long term.
Some of the ways you’ll see this displayed via
the firm’s website include a calendar of deals
being funded, five years’ worth of detailed perfor-
mance documentation, and even information on
defaults. That’s right; no matter how diligent and
careful you are some loans will default. Some big
banks have become infamous for how they hide
this information for so long. Not here.
Carrie Cook’s team clearly displays any de-
fault information, along with the cures. The data
is encouraging too, with the company recouping
over 100% of investor capital even in some of
the worst performance cases displayed. Carrie
credits this success not only to the investors and
borrowers involved, but her team’s attitude of
being willing to “run into the fire, not from it,” as
well as the consolidated approach of completely
in-house operations from origination to servicing
and loss mitigation.
WHO IS INVESTING IN TRUST DEEDS?
In addition to the very visible and notable
examples of big funds and billionaires who invest
in this asset class, there are a growing number
of private individuals who are experiencing great
results here.
Ignite Funding accepts a minimum investment
of $10,000, though Cook says “around 75% of
clients are using their IRAs to invest,” which
means they can invest a lot more. However, one
of the best features here is that while adhering
to Nevada’s strict sustainability standards, this
type of collateralized investment is open to those
earning just $70,000 or more each year, provid-
ing they are not investing more than 15% of their
net worth.
For those interested in learning more about
trust deed investing, how Ignite Funding protects
its clients with multiple layers of security, and
who want to soundly diversify their portfolios find
out more online at IgniteFunding.com.
Disclaimer: Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must
be provided applicable disclosure documents. Ignite Funding, LLC | 6750 Via Austi Parkway, Suite 230, Las Vegas, NV 89119 | P 702.739.9053
| T 877.739.9094 | F 702.922.6700 | NVMBL #311 | CACFL #603J286 | AZ CMB #0932150 and AZCMBBR #0121055.
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