Case Study · Northeast Louisiana Workforce Housing

We Sold the Homes Before We Built Them. 1.5x in Under 15 Months.

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.

Project Blueprint

What are the project's key facts?

A completed, realized for-sale workforce housing development in Northeast Louisiana, delivered by L5.

ProjectNortheast Louisiana Workforce Housing
MarketNortheast Louisiana
Asset typeFor-sale workforce housing, ground-up development
Delivered byL5 Legacy Capital
Project value$2.25 million
BuyersWorking families, pre-qualified before construction began
Financing supportLocal lender partnerships: closing-cost assistance, favorable financing, workforce mortgage programs
Investor result1.5x equity multiple, realized: $1.50 back for every $1.00 invested
Time to realized resultUnder 15 months
StatusCompleted 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.

Before

What problem was L5 solving?

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.

After

What were the results?

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
De-Risking Strategy

The bridge: how did L5 take the risk out before construction began?

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.

1
Validate demand

Market and site review, then buyer outreach and pre-qualification before committing to build.

2
Line up financing

Lender partnerships for buyers; investor equity and project financing for the build.

3
Build to plan

Quality homes to a defined scope, budget and schedule.

4
Sell to buyers already waiting

Lender programs helped them close.

5
Return capital

Homes closed and investor capital came home, on a due diligence plan with the exit set before we started.

Relevance to the Fund

What does this project mean for L5 investors today?

It means the team, the relationships and the discipline are already proven in the region where the L5 fund is investing now.

Same region

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.

Same relationships

The lender and community relationships built here carry directly into the next project.

Same discipline

Demand proven before capital goes to work, and the exit planned before we buy.

Same alignment

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

Hear how we did it, from the people who did it.

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.

Frequently Asked Questions

What return did L5's Northeast Louisiana workforce housing project deliver?

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.

How did L5 reduce the risk of unsold homes?

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.

Is 1.5x L5's average return?

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.

Can I invest in L5's next project?

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.