DLP Capital: Platform Profile

Overview

DLP Capital sponsors private real-estate credit and equity funds focused primarily on attainable housing.

Current strategies include:

• senior secured mortgage lending;
• preferred credit;
• housing equity;
• development/building communities;
• community-oriented real estate funds.

DLP is not a low-minimum crowdfunding platform.

Current fund minimums range from $100,000 to $500,000.

May fit better for

• accredited investors;
• investors allocating six figures or more to private real estate;
• investors seeking private real-estate credit;
• investors seeking pooled housing equity;
• investors comfortable with evergreen private funds;
• investors seeking monthly distribution options in applicable funds.

May fit less well for

• non-accredited investors;
• small investors;
• investors requiring public-market liquidity;
• investors who do not want performance fees;
• investors who assume a preferred return is guaranteed;
• investors who treat historical principal-loss claims as a guarantee of future results.

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Eligibility

Current DLP FAQ:

• Accredited investor required: Yes
• Non accredited access: No

DLP's current private-placement materials state that offers are made through PPMs to accredited investors.

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Current fund minimums

Current DLP FAQ:

• DLP Housing Fund:
• Minimum: $500,000
• DLP Lending Fund:
• Minimum: $500,000
• DLP Preferred Credit Fund:
• Minimum: $200,000
• DLP Building Communities Fund:
• Minimum: $200,000
• DLP Lending Fund Series a Note:
• Minimum: $200,000
• DLP Living Fully Community Fund:
• Minimum: $100,000

Public marketing pages can show older or inconsistent historical minimums.

Use the current FAQ values as the structured 2026 references.

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Fund minimum stale-data

Older DLP pages and PDFs can show lower Housing/Lending minimums.

as the current universal minimums when the current FAQ states $500,000.

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Current asset-management fees

Current DLP FAQ:

• DLP Housing Fund:
• Annual asset management fee: 2.00%
• DLP Building Communities Fund:
• Annual asset management fee: 2.00%
• DLP Lending Fund:
• Annual asset management fee: 2.00%
• DLP Preferred Credit Fund:
• Annual asset management fee: 1.25%

The Preferred Credit fee reference is effective January 1, 2025.

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Management-fee payment condition

Current DLP materials state that applicable management fees are paid only after the fund's preferred-return obligations are satisfied to the extent described in the offering documents.

"DLP never charges management fees."

The fee exists.

Its payment priority is structured relative to the preferred return.

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Fee rebates

Current DLP FAQ states that Housing and Building Communities investors can qualify for management-fee rebates:

• Fee rebates:
• 1000000 plus: 0.50%
• 10000000 plus: 1.00%
• 25000000 plus: 1.25%

Eligibility is per account/per fund under current terms.

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Performance fee

Current DLP FAQ:

• Performance fee: 20%
• Applies when: fund return exceeds applicable annual preferred return under fund terms

The performance fee is tied to distributions/performance mechanics in the governing documents.

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Preferred returns are not guarantees

Current funds publish preferred-return targets.

A preferred return is a distribution waterfall priority.

It is not bank interest.

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Current distribution options

Current DLP FAQ:

• Monthly distributions available: Yes
• Reinvestment available: Yes
• Quarterly auto ACH additions: Yes
• Quarterly auto ACH minimum: $10,000

Distribution treatment varies by fund.

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Fund structures

Current DLP product pages identify a mix of:

• credit funds;
• equity funds;
• REIT structures or REIT subsidiaries;
• evergreen structures.

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Lending Fund

Current 2026 Lending Fund material:

• Strategy: senior secured mortgage/private real estate credit
• Preferred return: 8%
• Distribution: monthly
• Redemption notice: 90 days

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Preferred Credit Fund

Current product materials describe preferred and subordinate real-estate credit exposure.

Credit position does not eliminate loss risk.

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Housing and Building Communities

These strategies invest in attainable rental housing through equity/development structures.

Equity strategies can lose principal despite preferred-return mechanics.

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Historical-performance marketing

DLP currently markets a history of:

• no missed preferred/fixed return periods;
• no principal losses.

Those claims are historical.

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Liquidity

Current FAQ describes most funds as evergreen.

Specific redemption rules vary.

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IRA/qualified accounts

Current DLP materials support qualified-account investment options in applicable funds.

An investor may use an outside SDIRA custodian to access eligible DLP funds.

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Protection

Current DLP materials state:

• FDIC: No
• Federal government insurance: No
• Guaranteed return: No

Assessment

DLP Capital is designed for accredited investors making large private-fund allocations.

The current minimums matter as much as the published return history.

An investor can need:

• $100,000 for the lowest current listed fund;
• $200,000 for several strategies;
• $500,000 for the Housing or Lending Fund.

Fees are also layered:

• 1.25% or 2.00% annual asset-management fees depending on fund;
• a 20% performance fee under applicable preferred-return mechanics.

The key risk guard is:

DLP's historical record of no principal losses is historical performance, not a principal guarantee.