Targeted Annual Return (Net)1
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Diversify with private credit and equity real estate investment funds that make non-concessionary impact investments to expand access for America’s working families to affordable, safe communities.
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DLP Preferred Credit Fund
Passive income potential with limited volatility and limitless impact.
10-11%
9%
Annual Preferred Return (Paid Monthly)
10.96%
Compounded DRIP IRR Since Inception2
90-Day Notice
Redemption
Why the DLP Preferred Credit Fund?
Invest with purpose. This Private Preferred Credit Fund (REIT3) helps mission-aligned real estate sponsors finance the building of Thriving Communities, creating solutions to the affordable housing crisis. The Fund makes primarily equity (debt for tax purposes) and debt investments to develop, improve, and preserve attainable rental housing for working families.
Impact Focus
- Provides investments secured by attainable housing assets.
- Upholds DLP’s Impact Mandate, with 85%+ of investments supporting attainable housing communities.
- Enables operators and sponsors to preserve affordability and improve housing quality.
- Generates consistent income for investors while advancing housing attainability nationwide.
Interest Rate Mitigation
Targets risk-adjusted returns for investors through a strategy of short-term loans, generally 3-36 months.
Quarterly Liquidity
90-day redemption period means you can exit/redeem in whole or in part on your schedule, not the Fund’s.
Passive Income
The potential to earn from rental real estate without the headache of owning rental real estate.
Evergreen Structure
The Fund is able to make investments when it fits its strategy, not a timeline.
Non-Concessionary Returns
Impact investments that don’t sacrifice return potential, creating a path for success and significance.
Purpose-Driven Investments
Prioritize lending to mission-aligned sponsors, with an emphasis on creating long-term relationships.
Impact in Action
Read more about the latest investments made by the DLP Preferred Credit Fund to finance the building of attainable rental housing, creating Thriving Communities for America’s families and workforce.
Gulf Coast, Alabama
$39.7M
- End Product Hospitality Outdoor
- Loan Type Value-Add
- Loan Date August 2025
Myrtle Beach, South Carolina
$9.4M
- End Product Hospitality
- Loan Type A&D
- Loan Date July 2025
West Richland, Washington
$8M
- End Product Single-Family
- Loan Type Construction
- Loan Date May 2025
I appreciate the fact that they’re [DLP Capital is] continuing to grow and have a deeper mission than just making money.
Jim Dahle
Founder of the White Coat Investor
Watch Investor SpotlightDLP Preferred Credit Fund Resources
Learn more about DLP Capital and the DLP Preferred Credit Fund.
Looking for another fund?
Learn more about the private credit and equity real estate investment funds sponsored by DLP Capital.
DLP Lending Fund
Credit
Senior secured mortgage fund (REIT4) that makes non-concessionary impact investments through senior secured loans to experienced real estate sponsors to develop, improve, and preserve attainable rental housing for working families.
12.92%
Compounded DRIP IRR Since Inception5
DLP Housing Fund
Equity
Evergreen Private Real Estate Investment Fund (REIT Subsidiary6) that makes primarily equity investments in existing attainable workforce housing.
17.40%
Compounded DRIP IRR Since Inception7
DLP Building Communities Fund
Equity
Evergreen Private Real Estate Investment Fund (REIT Subsidiary8) that invests in the development of attainable workforce housing (ground-up construction).
12.02%
Compounded DRIP IRR Since Inception9
