<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/rega/onekfiler" xmlns:com="http://www.sec.gov/edgar/common">
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    <submissionType>1-K</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001806014</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <shellCompanyFlag>N</shellCompanyFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <successorFilingFlag>N</successorFilingFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <reportingPeriod>12-31-2020</reportingPeriod>
    </filerInfo>
  </headerData>
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    <item1>
      <formIndication>Annual Report</formIndication>
      <fiscalYearEnd>12-31-2020</fiscalYearEnd>
      <street1>605 PALENCIA CLUB DRIVE</street1>
      <city>ST. AUGUSTINE</city>
      <stateOrCountry>FL</stateOrCountry>
      <zipCode>32095</zipCode>
      <phoneNumber>800-350-8061</phoneNumber>
      <issuedSecuritiesTitle>N/A</issuedSecuritiesTitle>
    </item1>
    <item1Info>
      <issuerName>DLP Positive Note Fund LLC</issuerName>
      <cik>0001806014</cik>
      <jurisdictionOrganization>DE</jurisdictionOrganization>
      <irsNum>84-4411924</irsNum>
    </item1Info>
    <item2>
      <regArule257>false</regArule257>
    </item2>
    <summaryInfo>
      <commissionFileNumber>024-11180</commissionFileNumber>
      <offeringQualificationDate>09-03-2020</offeringQualificationDate>
      <offeringCommenceDate>09-03-2020</offeringCommenceDate>
      <qualifiedSecuritiesSold>50000000</qualifiedSecuritiesSold>
      <offeringSecuritiesSold>4748128</offeringSecuritiesSold>
      <pricePerSecurity>1.0000</pricePerSecurity>
      <aggregrateOfferingPrice>0.00</aggregrateOfferingPrice>
      <aggregrateOfferingPriceHolders>0.00</aggregrateOfferingPriceHolders>
      <underwrittenSpName>None</underwrittenSpName>
      <underwriterFees>0.00</underwriterFees>
      <salesCommissionsSpName>None</salesCommissionsSpName>
      <salesCommissionsFee>0.00</salesCommissionsFee>
      <findersSpName>None</findersSpName>
      <findersFees>0.00</findersFees>
      <auditorSpName>Depalantino &amp; Associates $1,370</auditorSpName>
      <auditorSpName>CohnReznick $6000</auditorSpName>
      <auditorFees>7370.00</auditorFees>
      <legalSpName>Levine Garfinkel &amp; Eckersley</legalSpName>
      <legalFees>42329.00</legalFees>
      <promoterSpName>None</promoterSpName>
      <promotersFees>0.00</promotersFees>
      <blueSkySpName>(paid under Legal Fees)</blueSkySpName>
      <blueSkyFees>0.00</blueSkyFees>
      <issuerNetProceeds>0.00</issuerNetProceeds>
    </summaryInfo>
  </formData>
</edgarSubmission>
