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JLJ Fixed Dividend Fund · Accredited Investors

A 10% preferred return, secured by first-position real estate debt.

The JLJ Fixed Dividend Fund pays you a 10% preferred return with income that arrives every month, a $100,000 minimum, and $0 management fees. Your capital sits in first-position loans, which means you get paid before any equity does.

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JLJ · Fund Overview
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A 3-minute overview of the JLJ Fixed Dividend Fund
0%
Preferred return
for investors
Monthly
Distributions
paid to you
$0K
Minimum
investment
$0
Management
fees
IHow the fund works

A fixed dividend, paid monthly, from real estate loans we hold in first position.

The JLJ Fixed Dividend Fund puts your capital into short-term real estate loans that we originate and hold in first position. You earn a 10% preferred return that is paid before the fund earns anything, and your income arrives every month rather than years down the line when a deal finally sells.

01
You get paid before equity. Your money sits in first-position debt, so you are first in line to be repaid, ahead of every equity investor in the deal.
02
Income arrives every month. Distributions are paid monthly, so you see steady cash flow rather than waiting for a single exit.
03
You can step out each quarter. Redemptions are available quarterly with 90 days notice, so your capital is not locked up for years.
04
You keep all of the 10%. There are no management fees, so the preferred return is what you actually earn.

Where the fund lends

~70%
Multifamily
Multifamily real estate~70%
Industrial and mixed-use~30%
IIWhy it is safer than equity

You are a lender in these deals, not an owner taking the first loss.

When you invest in an equity syndication, you are last in line and you absorb the losses first. As a lender in first position, you sit at the top of the capital stack with the property itself as your collateral, and you are repaid before the owners see a dollar.

1st
First position on every loan
Your capital is secured by the property and sits ahead of the borrower's own equity, so you are repaid first if anything goes wrong.
99%
A 99% repayment record
Across the loans JLJ has originated since 2017, borrowers have repaid 99% of the time, which is the number that matters most to a lender.
Low
Conservative loan limits
Every loan is underwritten to leave a cushion of equity beneath you, with strict limits on how much we lend against cost and value.
Up to 75% LTC
Construction lending
cost limit
Up to 65% LTV
Construction lending
value limit
Up to 80% LTC
Bridge lending
cost limit
Up to 70% LTV
Bridge lending
value limit
IIIFirm track record

A lender that has put ~$400MM to work and been repaid 99% of the time.

~$400MM
Assets under management
Since 2017
99%
Borrower repayment
Across originated loans
$6B+
Founders' transactions
Completed and closed
$50MM
Fund size
Fixed Dividend Fund

JLJ Capital is a middle-market real estate lender that has built ~$400MM in assets under management since 2017, with borrowers repaying 99% of the time. The people running the fund have completed and closed more than $6B in real estate transactions over their careers.

We lend $10M to $50M and more per deal on bridge and construction loans, which means the fund is backed by sizable, professionally underwritten real estate rather than a handful of small positions. Justin Podolsky alone has closed over $300M in loans.

IVThe team

The people who underwrite and manage your capital.

JL
Jonathan Lewis
Founder & CEO
25+ years in financial services focused on real estate, with billions in loans originated across his career.
JP
Justin Podolsky
Co-Founder & CIO
10+ years in commercial real estate, with more than $300M in loans closed for the firm.
CC
Cher Chang
Partner, Head of Capital Markets
20+ years in real estate, with deep relationships across institutions, family offices, and individual investors.
RK
Robert Kim
Managing Director, Finance
Accounting and finance background spanning real estate, hospitality, and institutional reporting.
VFund terms

The terms, in plain numbers.

Preferred return
10%Paid to you before the fund earns anything
Minimum investment
$100,000Accredited Investors only
Distributions
MonthlyIncome arrives every month
Redemption
QuarterlyWith 90 days notice
Management fees
$0You keep the full preferred return
Fund size
$50MMJLJ Fixed Dividend Fund
Allocation
~70% multifamilyWith industrial and mixed-use
Position
First-position debtYou are repaid ahead of equity

Talk to the team that manages the fund.

In about 30 minutes we will walk you through the 10% preferred return, how the first-position lending works, and what an allocation from $100,000 looks like for you.

  • How the 10% preferred return is paid and protected
  • Why first-position debt sits ahead of equity
  • How monthly distributions and quarterly redemptions work
  • What investing $100,000 looks like, step by step
June 2026
9:00 AM
11:30 AM
1:00 PM
2:30 PM
4:00 PM
5:00 PM
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