DLP Capital Founder and CEO Don Wenner recently sat down with a panel of senior leaders to host a detailed update on the DLP Lending Fund and Preferred Credit Fund. The discussion covered in-depth fund performance, market dynamics, and DLP’s disciplined approach to underwriting and risk management.
The third quarter of 2025 marked the largest lending quarter in DLP’s history, with more than $350 million in new loan originations. Across the industry, new construction starts and completions have declined, tightening housing supply and creating favorable conditions for DLP’s pipeline of projects, which are expected to see strong demand once completed.
Throughout the conversation, the panel underscored DLP’s consistent credit performance and conservative underwriting standards. The funds currently maintain a delinquency rate under 2%, with no principal or interest losses on approximately 4,000 originated loans to date.
The team walked through examples of recent originations and construction progress, including a major development in Southern Pines, North Carolina, illustrating DLP’s active involvement from underwriting through project completion. Another investor webinar will be held later this year, and quarter-end reporting will be released in the coming days.
DLP’s lending funds have produced consistent double-digit annual returns with no principal losses. To explore current investment opportunities, visit our fund comparison page.