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September 2025 PL Dynamo Performance Report

The Dynamo Capital Fund delivered strong September performance, continuing a three-month trend of increasing returns. With 26 loans funded totaling over $8 million and strategic team expansion underway, the fund demonstrates consistent momentum. PL Dynamo 2 achieved outstanding September returns of 2.04-2.30%*, varying by share class—building on July and August for three consecutive months of growth. This applies to all investments into PL Dynamo 2 made on or before 9/1/25.

Annualized Performance Tracking

The fund's momentum remains robust across all share classes tracking, by class, at:

These results demonstrate the continued value of Property Llama's pooled capital approach in securing favorable investment terms for our fund participants.

Trailing Performance

Month Dynamo Direct Class A Return(10% higher) Class B Return(20% higher) Class C Return(24% higher)
December 2024 1.53% 1.68% 1.84% 1.90%
January 2025 1.68% 1.85% 2.02% 2.08%
February 2025 1.65% 1.82% 1.98% 2.05%
March 2025 1.70% 1.87% 2.04% 2.11%
April 2025 1.71% 1.88% 2.05% 2.12%
May 2025 1.70% 1.87% 2.04% 2.11%
June 2025 1.70% 1.87% 2.04% 2.11%
July 2025 1.75% 1.93% 2.10% 2.17%
August 2025 1.81% 1.99% 2.17% 2.24%
September 2025 1.86% 2.04% 2.23% 2.30%

There is a clear trend of increasing monthly returns as Dynamo grows origination to take advantage of the increased operational capacity they have developed over the course of this year

You can read more about the specifics in the included Update from Dynamo at the end of this email. This month, the Dynamo team highlights: continued momentum in originations across Wichita and Denver markets, strategic operational expansion with plans to hire 4–6 operations professionals by year-end, and the addition of a new Capital Markets hire joining in October. Looking ahead to October, the team anticipates very active months ahead with many borrowers pushing to close before year-end, with strong pipeline momentum in both DSCR and RTL products.

We encourage investors to read the updates and join our LIVE Fund Q&A on Thursday, October 9th at 12:00PM MST with our sponsors.

Distribution Details

Key Fund Information