Want proof a sponsor protects your capital before the first shovel hits dirt? L5 Legacy Capital, a veteran-led real estate firm in Frisco, Texas, pre-qualified buyers before breaking ground on a $2.25 million workforce housing development in Northeast Louisiana. Working families bought the homes. Investors realized a 1.5x equity multiple, $1.50 back for every $1.00, in under 15 months.
One project's results do not predict the results of any other project. Target returns are not guaranteed. All investments involve risk, including possible loss of principal.
Hear it from the man who underwrote it. A private conversation with Byron Kizzie, our Managing Partner. No pitch. No pressure.
A completed, realized for-sale workforce housing development in Northeast Louisiana, delivered by L5.
| Project | Northeast Louisiana Workforce Housing |
| Market | Northeast Louisiana |
| Asset type | For-sale workforce housing, ground-up development |
| Delivered by | L5 Legacy Capital |
| Project value | $2.25 million |
| Buyers | Working families, pre-qualified before construction began |
| Financing support | Local lender partnerships: closing-cost assistance, favorable financing, workforce mortgage programs |
| Investor result | 1.5x equity multiple, realized: $1.50 back for every $1.00 invested |
| Time to realized result | Under 15 months |
| Status | Completed and realized |
One project's results do not predict the results of any other project. Target returns are not guaranteed. All investments involve risk, including possible loss of principal.
Working families in Northeast Louisiana needed quality homes they could afford to buy, and most developers walked past the market. We saw demand nobody was serving.
These are the people a regional economy runs on. Too often the new homes around them are priced for someone else, and the older homes need more work than a young family can take on. Most capital looks at a market like that and keeps driving. We stopped.
We actually came to town to talk about a commercial project. The mayor told us what the community needed more: single-family homes that working families could buy. So we listened. A local mentor who had watched our work made the land available, and we held a town hall so the community heard our plans from us first.
For working families: the keys to quality homes of their own, with closing-cost help and financing built for them. The homes sold. Families moved in.
For investors: a realized 1.5x equity multiple, $1.50 back for every $1.00 invested, in under 15 months. Investors were paid out before the last lots even sold, and when we came back with the next idea, they told us to bring them whatever we do next. A second phase is still to come.
For the community: new homeowners with a stake in the neighborhood, and lender relationships ready for the next project.
“You look around and the community you put that asset in is thriving. People are working.” — Dr. Melynda Kizzie
We pre-qualified buyers before we broke ground, so we knew the homes would sell before we built them.
The biggest risk in for-sale development is simple: homes nobody buys in time. Every month a finished home sits empty, interest, taxes and upkeep quietly erode the investor's return. We dealt with that risk first, not last. Our team went into the community, found the buyers and got them qualified while the lots were still empty.
“You don't charge a hill without recon. I don't buy a building without it.” — Byron Kizzie
Then we brought in local lenders, so qualified buyers could access closing-cost assistance, favorable financing and mortgage programs designed for workforce families. For buyers, that meant a real path to ownership. For investors, it meant faster sales, less time carrying unsold homes and capital returned sooner.
Market and site review, then buyer outreach and pre-qualification before committing to build.
Lender partnerships for buyers; investor equity and project financing for the build.
Quality homes to a defined scope, budget and schedule.
Lender programs helped them close.
Homes closed and investor capital came home, on a due diligence plan with the exit set before we started.
It means the team, the relationships and the discipline are already proven in the region where the L5 fund is investing now.
The fund's boutique hotel project is in a growing Northeast Louisiana corridor with few upscale rooms. It is shovel-ready and brand-committed. The location and brand are shared in the private investor briefing.
The lender and community relationships built here carry directly into the next project.
Demand proven before capital goes to work, and the exit planned before we buy.
Our money goes in first. Limited partners receive a preferred return and are paid before we share in profits, so you get paid first.
We've done it here before. We'd like to do this again, with you. → See the L5 fund and its projects
Ask Byron about every number on this page, and how this project shapes the L5 fund's projects today.
A private conversation with Byron Kizzie, our Managing Partner. No pitch. No pressure.
Investors realized a 1.5x equity multiple, $1.50 back for every $1.00 invested, in under 15 months on this $2.25 million development. One project's results do not predict the results of any other project. Target returns are not guaranteed. All investments involve risk, including possible loss of principal.
L5 pre-qualified buyers before breaking ground and partnered with local lenders on closing-cost assistance, favorable financing and workforce mortgage programs. Working families bought the homes, which kept carrying time short and returned investor capital sooner.
No. It is the realized result of this one project. Every project in the L5 fund has its own business plan and its own risks, which Byron walks through in your investor conversation and the private briefing.
Yes, if you are a verified accredited investor. The L5 fund is open now, and we publish every project we place in it. The first step is a private conversation with Byron.