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 Lending Fund
Diversify away from public market volatility without sacrificing liquidity, through a strategy inspired by mortgage REITs and private lending.
9-10%
8%
Annual Preferred Return (Paid Monthly)
12.80%
Compounded DRIP IRR Since Inception2
90-Day Notice
Redemption
A Smarter Way to Invest in Private Lending
By investing in the DLP Lending Fund, you’re gaining exposure to a strategy similar to that of mortgage real estate investment trusts (REITs) while helping to address America’s affordable housing crisis. This senior secured mortgage fund (REIT3) focuses on lending to experienced real estate sponsors. Through senior secured loans, the Fund helps to develop, improve, and preserve attainable rental housing for America’s families and workforce.
Unlike many agency mortgage REITs, which primarily invest in government-backed securities,4 the DLP Lending Fund directly supports real housing development—offering both impact and income potential.
IMPACT FOCUS
- Invests with the intention to generate positive, measurable social and financial impact.
- Provides financing for attainable workforce housing, ensuring affordability for the local workforce and helping families keep living costs below 30% of area median income (AMI).
- Supports job creation and economic stability
Interest Rate Mitigation
Targets risk-adjusted returns for investors through a strategy of short-term bridge loans, generally 6-36 months, a strategy commonly used by some of the best mortgage REITs to manage interest rate exposure.
Quarterly Liquidity
90-day redemption period means you can exit/redeem in whole or in part on your schedule, not the Fund’s loan term.
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
Prioritizes lending capital 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 Lending Fund to finance the building of attainable rental housing, creating Thriving Communities for America’s families and workforce.
Jacksonville, Florida
$4.2M
- End Product Townhomes
- Loan Type Construction
- Origination Quarter Q2, 2026
- LTC 84.93%
- Units 32
Phoenix, Arizona
$10.4M
- End Product Multifamily
- Loan Type A&D
- Origination Quarter Q2, 2026
- LTC 71.13%
- Units 310
Jacksonville, Florida
$3.8M
- End Product Single-Family
- Loan Type A&D
- Origination Quarter Q1, 2026
- LTC 79.60%
- Units 53
DLP enables people to generate passive income so they can use their time to do good things. I commend Don and the platform he’s built—it’s a powerful vehicle that empowers people to pursue what truly matters.
Jim Rachor
Co-Founder | Transforming Futures
Watch Investor SpotlightDLP Lending Fund Resources
Learn more about DLP Capital and how the DLP Lending Fund compares to traditional mortgage REITs.
Looking for another fund?
Learn more about the private credit and equity real estate investment funds sponsored by DLP Capital.
DLP Lending Fund
CreditSenior secured mortgage fund (REIT*) 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.
12.80%
DLP Preferred Credit Fund
CreditEvergreen private DLP Preferred Credit Fund (REIT*) that invests in the development, improvement, and preservation of attainable workforce housing.
10.96%
DLP Housing Fund
EquityEvergreen private real estate investment fund (REIT Subsidiary*) that makes primarily equity investments in existing attainable workforce housing.
17.40%
DLP Building Communities Fund
EquityEvergreen private real estate investment fund that invests in the development of attainable workforce housing (ground-up construction).
12.02%
DLP Living Fully Community Fund
EquityA new, mission driven fund focused on building thriving communities—from everyday living to resort-style experiences.
2x–3x
DLP Lending Fund Series A Note Offering
NoteA new Series A Note Offering focused on structured, predictable returns from DLP-managed assets—designed for disciplined investors.
8%
DLP Preferred Credit Fund Series A Note Offering
NoteA new Series A Note Offering that will allow Noteholders to participate as lenders to the DLP Preferred Credit Fund.
9%
