This document presents a mixed-precision convolutional neural network (CNN) called a Lightweight YOLOv2 for real-time object detection on an FPGA. The network uses binary precision for the feature extraction layers and half precision for the localization and classification layers. An FPGA implementation of the network achieves 40.81 FPS for object detection, outperforming an embedded GPU and CPU. Future work will apply this approach to other CNN-based applications such as semantic segmentation and pose estimation.