Black Label Capital Fund I is a first-lien real estate debt fund for accredited investors, secured by trust deeds at no more than 75% of value, with distributions paid monthly. Net returns were 10.13% in 2023, 11.20% in 2024, and around 11% in 2025.
Most private debt funds only show you a target or a gross number. Here are the real net returns the fund paid, after every fee and expense, three years in a row.
When you invest in this fund you are the lender, not the owner. Your money sits in first position on the property, which means you get paid back before anyone else. And every loan is capped at 75% of what the property is worth, so there is a cushion of value standing in front of your capital.
Black Label started in 2018 as a direct, balance-sheet lender to real estate investors. The team flipped and built houses themselves before they ever wrote a loan, so they know exactly what they are lending against. That is what lets them underwrite carefully and keep every loan in first position.
Fifteen minutes with Black Label. We will walk you through the fund that is open right now, how the first-lien security works, and the real net returns behind it.
