The Lending Fund is a real estate backed fund focused on originating first position loans to professional real estate operators. Through our Lending strategy we are providing capital to top-tier operators and builders to create, improve, and preserve affordable workforce housing while actively helping our sponsors scale their businesses and make an impact.

The Fund endeavors to produce attractive risk-adjusted returns by making short term bridge loans, generally six to twenty-four months. These loans are typically senior, secured, first position non-owner occupied single family and multifamily mortgages

KEY FUND BENEFITS

Accredited investors only*

  • Monthly Distributions
  • Evergreen private REIT offering ongoing liquidity
  • Targeted annual returns of 9%

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Construction Houses 3

Fund Highlights

  • Open-ended, private credit real estate investment fund that enables the Manager to make debt investments for the acquisition, repositioning, and construction of primarily workforce housing assets designed to provide strong consistent returns to investors.
  • Loans are typically short-term in nature, ranging from six to twenty-four months. The short-term duration focus of the fund provides significant liquidity to investors and should provide protection from rising rates and inflation.
  • A thorough underwriting process that makes sure loans are only made to borrowers that have a high probability of success with the project/property by primarily lending to proven successful operators with high credit scores, ample liquidity, and personal guarantees.
  • Subordinated management fees, whereby investors receive their monthly preferred return distributions before DLP receives any fees; aligns investors’ interest with DLP’s.
Properties DLV 2

Fund Overview

Fund Type Senior Secured Mortgage Pool
Fund Investments Senior mortgages, primarily workforce housing assets
Direct/Indirect Security 1st Position Mortgages backed by Real Estate along w/ Personal Guaranties
Inception Date October 2014
Fund Term Evergreen
Distribution Frequency All Distributions Paid Monthly
Management Fee 1.0%
Targeted Current Distributions 9%
Preferred Return 8%
Targeted Annual Net to Investor 9%
Return Split 80/20 upon achieving 8% preferred return
Redemptions 90-Day Notice
Benefits of Leverage Yes
IRA Investment Option Yes
Tax Shelter through Depreciation No
Subject to UBIT No
Target Fund Size $1,000,000,000
Minimum Investment $200,000
Manager Co-Investment Minimum 5% Committed Capital
Must Be Accredited Yes
Tax Reporting Method 1099-DIV
Audited Financials Yes; CohnReznick
Legal Counsel Seward & Kissel, LLP
Institutional Option Yes
Reporting Frequency Monthly

Past performance is not a guarantee of future performance.

* Accredited Investor Definition: For an individual to be considered an accredited investor, he or she must have a net worth of at least one million US dollars, not including the value of one’s primary residence or have income at least $200,000 each year for the last two years (or $300,000 together with his or her spouse if married) and have the expectation to make the same amount this year.

Risk Disclaimer: Investing in private real estate funds and notes secured by real estate has certain inherent risks, which could result in the loss of some or all of your principal investment. Your decision to purchase and invest should be based on your own particular financial circumstances and investment objectives. DLP Capital Partners, LLC (formerly known as DLP Capital Advisors, LLC), its officers, and representatives can in no way guarantee or warrant your success. Consult your tax advisor or financial advisor before investing. Past performance does not guarantee future performance. Please see fund offering documents for full details & disclosure.

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Accredited Investor Definition: For an individual to be considered an accredited investor, he or she must have a net worth of at least one million US dollars, not including the value of one’s primary residence or have income at least $200,000 each year for the last two years (or $300,000 together with his or her spouse if married) and have the expectation to make the same amount this year.