The Largo Mezzanine Debt Fund is a private real estate debt fund sponsored and managed by Largo Group. Through its lending partner, Bozeman Capital Partners, it invests in the mezzanine portion of short-term, first-lien loans to experienced real estate entrepreneurs who buy and renovate entry-level homes. LV5 Capital partnered with Largo Group to offer its accredited investors an allocation in the fund, and that allocation is now fully funded and closed to new commitments.
Largo Group, founded in 2011, sponsors and manages the fund, and Bozeman Capital Partners sources, underwrites and services the loans. LV5 Capital partnered with Largo Group to offer an allocation to LV5's accredited investors, with Jeff Dulmage and Doug Schweitzer leading the LV5 side. LV5 does not manage the fund or originate its loans. The fund's terms, including target returns and minimums, were provided only to qualified investors in its offering documents.
A syndication buys and owns a property and pays investors from rents and the eventual sale, usually over five to seven years. A debt fund lends against many properties, is paid from interest, and sits ahead of the owner's equity — but does not share in a property's appreciation. Learn more about real estate syndication and passive income for accredited investors.
LV5's allocation is fully funded and closed to new commitments. Text the word WAITLIST to (419) 302-3940 or contact LV5 Capital to hear first about future LV5 offerings, see the full track record, or browse current offerings.
A private real estate debt fund sponsored by Largo Group. Through its lending partner, Bozeman Capital Partners, the fund invests in the mezzanine portion of short-term, first-lien loans to experienced real estate entrepreneurs who buy and renovate entry-level homes. LV5 Capital offered its accredited investors an allocation in the fund, and that allocation is now fully funded.
LV5 Capital partnered with Largo Group to bring the fund to LV5's investor network, with Jeff Dulmage and Doug Schweitzer leading the LV5 side. Largo Group sponsors and manages the fund, and Bozeman Capital Partners sources, underwrites and services the loans. LV5 does not manage the fund or originate its loans — this is a partnership.
Each loan is split into two pieces. The larger senior piece is sold to institutional lenders at a lower interest rate; the smaller mezzanine piece keeps the rest of the interest, so it earns a higher yield. In exchange, the mezzanine piece takes losses before the senior piece does — but only after the borrower's own equity in the home is used up.
A syndication buys and owns a property, and investors are paid from rents and the eventual sale, usually over five to seven years. A debt fund lends against many properties and is paid from the interest on those loans, with its position sitting ahead of the owner's equity. The trade-off is that a lender does not share in a property's appreciation.
The fund was offered to accredited investors only, as a private placement. Its terms — including target returns, minimums and liquidity — were provided only to qualified investors in the fund's offering documents, so they are not published here.
Borrowers can default and home values can fall. If a loan goes bad, the mezzanine position absorbs losses after the borrower's equity but before the senior lender. Invested capital is locked up for a set period, and investors can lose some or all of their investment. Past performance of the sponsors does not guarantee future results.
No. LV5's allocation is fully funded and closed to new commitments. Text WAITLIST to (419) 302-3940 or schedule a call with the LV5 Capital team, and we'll add you to the list for future LV5 offerings.
This is not an offer to sell or a solicitation of an offer to buy any security. Any offering was made only to accredited investors through the fund's offering documents. Real estate debt investing involves risk, including possible loss of principal.