The Dynamo Capital Fund had another strong performance in March. With the improved returns negotiated by Property Llama using the power of pooled capital, our investors are receiving an average 2.03% return for March.* This tracks at just over 24% annualized returns! You can read more about the specifics—including updates on DSCRs and REIT status—in the included Update from Dynamo at the end of this email. This month, the Dynamo team also discusses how they’re addressing the implications of a volatile market.
We encourage investors to read the updates and join our LIVE Fund Q&A on Tuesday, April 22nd at 11:00AM MDT with our sponsors.
Distribution Details
Key Fund Information
Tax documents: According to the included Update from Dynamo, Dynamo expects taxes and K-1s to be completed by the end of April. Property Llama will require an additional month to process and generate investor-level K-1s. We remain on track to have these out by the end of May.
Trailing Dynamo LTV%
| Year | Month | Average LTV of Newly Funded Loans | Average LTV of Portfolio |
|---|---|---|---|
| 2024 | Dec | 68.63% | 66.68% |
| 2025 | Jan | 67.17% | 66.56% |
| 2025 | Feb | 71.36% | 68.38% |
| 2025 | Mar | 74.77% | 68.72% |
LIVE! Dynamo Capital March 2025 Fund Report and LIVE Q&A Session:
This exclusive interactive fund report is just for Property Llama investors! Investors will have the opportunity to ask questions directly to Justin and Matt about the fund.
Fund Updates and Announcements
PL Dynamo 2 Is Officially Open!
We are thrilled to continue our partnership with Dynamo Capital and announce the offering of PL Dynamo 2. Interest in the fund has been unprecedented, and we are currently at our maximum allowance, adding to the waitlist for new subscriptions through June 2025.
We expect subscription limits to fill quickly each month. Between $600,000–$2,000,000 each month will be opened for Property Llama investors. Existing investors are grandfathered into the 60:40 split and are eligible for the 62:38 split on $1M+ investments. New investors will still benefit from the power of Property Llama's pooled capital with a 55:45 split (versus 50:50 with Dynamo Direct).
If you’re interested, we encourage you to submit a Soft Commit to reserve your place in line. The soft commit is not legally binding but will secure your spot on the growing waitlist. You can also learn more in the PL Dynamo 2 Deal Room.
*Your actual return percentage may vary slightly from the stated amount due to fund setup fees and maintenance fees as detailed in the PL Dynamo 1 SPV Operating Agreement.
We value your trust and partnership as an investor. If you have any questions or need further assistance, feel free to contact us at [email protected].
Best regards,
Chris Lopez, Richard McGirr, and the Entire Team at Property Llama Capital
P.S.—Submit your Dynamo questions now or anytime to [email protected] so we can discuss them during the LIVE Dynamo Capital March 2025 Fund Report Session. These calls will be recorded and shared with our investors.
******The below message is a **March Fund Update from Dynamo Sponsors, Justin Rocheleau and Matthew Medrano of Dynamo Capital, LLC: (***edited for clarity)
Update from Dynamo* Hello!
March was a busy month for us at Dynamo Capital. As has been the theme, we are very focused on operational growth and efficiency. Our DSCR team has been hard at work building out a smooth process for our secondary market buyers to ensure that our exit from these loans is as quick as possible. We purposefully slowed origination volume down on the DSCR side to ensure that our trading process is efficient and also allow us to refine our underwriting process to ensure a smooth trade. We started to take in a bit more DSCR business towards the end of March, and expect to get a good amount of volume funded in April, while still maintaining a high level of quality.
Regarding the sub-REIT and TRS (Taxable REIT Subsidiary), all applicable entities are operating. We are working with our tax advisory team to forecast effectively the tax savings that we will see from these structures, and expect to have this completed in May.