Northwind Coffee Term Note
Northwind Coffee Term Note
Total Invested
$750,000
S
FMV
$750,000
as of Sep 30, 2026
S
Unrealized P&L
$0
C
Lifetime ROI
21.4%
C
Capital Stack Breakdown
| Component | Amount | Tag |
|---|---|---|
| Initial Investment Components | ||
| Initial Cash | $750,000 | S |
| = Initial Investment | $750,000 | C |
| Capital Activity | ||
| = Total Invested Capital | $750,000 | C |
| Hale Share (100.0%) | $750,000 | C |
Scope
One investment row (#1028) — no sibling rows carry this deal name.
Workbook ledger through Oct 1, 2026, QBO after it.
Only postings in a distribution or capital-deployment account appear; ordinary GL activity does not.
Contributions
$-750,000
1 postings · capital contribution + loan
Distributions
$160,312
operations + capital + synd
Cash In / Out
$160,312 / $-750,000
by sign, ignoring the bucket
Net
$-589,688
10 postings
✓ Foots to the Total Returns KPI — the rows below add to
$160,312. Both figures count the same postings, so this
checks the itemisation —
nothing dropped, nothing counted twice — not the figure itself.
| Date | Ledger | Bucket | Category | Type | Num | Payee | Memo | Class | Entity | Inv # | Amount |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10/01/2026 | Workbook | Operations | Distribution - Interest | Deposit | 21140 | Northwind Coffee | Q3 2026 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 07/01/2026 | Workbook | Operations | Distribution - Interest | Deposit | 57826 | Northwind Coffee | Q2 2026 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 04/01/2026 | Workbook | Operations | Distribution - Interest | Deposit | 78360 | Northwind Coffee | Q1 2026 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 01/01/2026 | Workbook | Operations | Distribution - Interest | Deposit | 82285 | Northwind Coffee | Q4 2025 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 10/01/2025 | Workbook | Operations | Distribution - Interest | Deposit | 42203 | Northwind Coffee | Q3 2025 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 07/01/2025 | Workbook | Operations | Distribution - Interest | Deposit | 98992 | Northwind Coffee | Q2 2025 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 04/01/2025 | Workbook | Operations | Distribution - Interest | Deposit | 87986 | Northwind Coffee | Q1 2025 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 01/01/2025 | Workbook | Operations | Distribution - Interest | Deposit | 57513 | Northwind Coffee | Q4 2024 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 10/01/2024 | Workbook | Operations | Distribution - Interest | Deposit | 69973 | Northwind Coffee | Q3 2024 interest | NWC | Northwind Credit LLC | 1028 | $17,812 |
| 09/01/2024 | Workbook | Investments | Loan | Check | 96691 | Northwind Coffee | Loan funded | NWC | Northwind Credit LLC | 1028 | $-750,000 |
| Total (10 postings) | $-589,688 | ||||||||||
Ownership Metrics
| % of Deal Owned by Legal Entity | 100.0% |
| Ownership % per OA | 100.0% |
| Best Available Ownership % | 100.0% |
| Effective Deal Ownership % | 100.0% |
| % of Investor Owned by Hale | 100.0% |
| % of Deal Owned by Hale | 100.0% |
Entity Chain (2 tiers)
Tier 1
Northwind Credit LLC
Ownership
100.0%
↓
Tier 2
Northwind Family LP
Ownership
100.0%
Total Returns
$160,312
click for detail
Capital
—
click for detail
Operations
$160,312
click for detail
ROI
21.4%
click for detail
Ann. ROI
9.6%
click for detail
IRR
10.7%
click for detail
Eq. Multiple
1.21x
click for detail
# Distributions
9
click for detail
Total Returns — Backup Calculation
| Capital Returns | $0 |
| Operations Returns | $160,312 |
| = Total Returns (Capital + Operations) | $160,312 |
Sum of all Capital-type and Operations-type distributions received.
Capital Returns — Backup
| = Total Capital Returns | $0 |
Loan repayments, return of capital, sale proceeds.
Operations Returns — Backup
| 10/01/2026 | $17,812 |
| 07/01/2026 | $17,812 |
| 04/01/2026 | $17,812 |
| 01/01/2026 | $17,812 |
| 10/01/2025 | $17,812 |
| 07/01/2025 | $17,812 |
| 04/01/2025 | $17,812 |
| 01/01/2025 | $17,812 |
| 10/01/2024 | $17,812 |
| = Total Operations Returns | $160,312 |
Income distributions, interest, dividends.
ROI — Backup Calculation
| Total Returns | $160,312 |
| Invested Basis | $750,000 |
| = Lifetime ROI | 21.4% |
Formula: Total Returns ÷ Invested Basis
Branch taken: Denominator is the imported Excel value (col 85, xlsx_total_invested_capital), not the component sum.
Returns as a share of capital at risk. This is a simple ratio, not time-weighted — see IRR for the time-weighted view.
Source:
services/distribution_service.py → compute_roi()
Annualized ROI — Backup Calculation
| Lifetime ROI | 21.4% |
| Holding Period | 2.10 yrs |
| = Annualized ROI | 9.6% |
Formula: (1 + Lifetime ROI) ^ (1 ÷ Holding Period) − 1
Compound annual rate, not ROI ÷ years. A total loss annualises to −100% however long it was held; a growth factor below zero has no real root, so the metric is left blank rather than shown as a complex number.
Source:
services/distribution_service.py → compute_annualized_roi()
IRR (XIRR) — Backup Calculation
| Initial Investment (09/01/2024) | -$750,000 |
| Operations — 10/01/2026 | $17,812 |
| Operations — 07/01/2026 | $17,812 |
| Operations — 04/01/2026 | $17,812 |
| Operations — 01/01/2026 | $17,812 |
| Operations — 10/01/2025 | $17,812 |
| Operations — 07/01/2025 | $17,812 |
| Operations — 04/01/2025 | $17,812 |
| Operations — 01/01/2025 | $17,812 |
| Operations — 10/01/2024 | $17,812 |
| Terminal Value (FMV or Invested, today) | $750,000 |
| = XIRR | 10.7% |
XIRR computed using mid-month (15th) assumption for distribution dates. Red = outflows, green = inflows.
Equity Multiple — Backup Calculation
| Total Returns | $160,312 |
| Initial Investment | $750,000 |
| = Equity Multiple | 1.21x |
Formula: (Total Returns + Initial Investment) ÷ Initial Investment
Note the denominator is INITIAL investment, not the invested basis ROI uses — the two metrics deliberately divide by different figures, so they will not reconcile to each other on rows where the two differ.
Source:
services/distribution_service.py → compute_equity_multiple()
Distribution Count — Breakdown
| Capital Distributions | 0 |
| Operations Distributions | 9 |
| Other | 0 |
| = Total Count | 9 |
| Avg per Distribution | $17,812 |
Cumulative Distributions Over Time
Distribution Summary by Date Received
| Year | Month | # Distributions | Total Amount | Types |
|---|---|---|---|---|
| 2026 | 4 | $71,250 | ||
| Oct 2026 | 1 | $17,812 | Operations | |
| Jul 2026 | 1 | $17,812 | Operations | |
| Apr 2026 | 1 | $17,812 | Operations | |
| Jan 2026 | 1 | $17,812 | Operations | |
| 2025 | 4 | $71,250 | ||
| Oct 2025 | 1 | $17,812 | Operations | |
| Jul 2025 | 1 | $17,812 | Operations | |
| Apr 2025 | 1 | $17,812 | Operations | |
| Jan 2025 | 1 | $17,812 | Operations | |
| 2024 | 1 | $17,812 | ||
| Oct 2024 | 1 | $17,812 | Operations | |
| TOTAL | 9 | $160,312 | ||
Complete Distribution History
| Date Received | Period | Type | Amount | Notes |
|---|---|---|---|---|
| 10/01/2026 | 2026-10 | Operations | $17,812 | |
| 07/01/2026 | 2026-07 | Operations | $17,812 | |
| 04/01/2026 | 2026-04 | Operations | $17,812 | |
| 01/01/2026 | 2026-01 | Operations | $17,812 | |
| 10/01/2025 | 2025-10 | Operations | $17,812 | |
| 07/01/2025 | 2025-07 | Operations | $17,812 | |
| 04/01/2025 | 2025-04 | Operations | $17,812 | |
| 01/01/2025 | 2025-01 | Operations | $17,812 | |
| 10/01/2024 | 2024-10 | Operations | $17,812 | |
| TOTAL | $160,312 | |||
Performance History
| As Of Date | Total Returns | Lifetime ROI | Annualized ROI | IRR | Equity Multiple |
|---|---|---|---|---|---|
| Historic snapshots, last written Sep 30, 2026 — not the live figures shown above. Some early rows carry values that were never right; they are kept as a record of what was reported at the time. | |||||
| 09/30/2026 | $160,312 | 21.4% | 9.6% | 9.6% | 1.21x |
Sections
44/75
answered · 58.7%
Deal Info
19/23 answered
| DEAL ID | 16/20 | |
| Investment # (column) | 1,028 | |
| Date of Investment (column) | 9/1/2024 | |
| Holding Period (Years) (formula) | 2.1041 | |
| Name of Investment (column) | Northwind Coffee Term Note | |
| Legal Name of Investment (column) | Northwind Coffee Co. | |
| Asset Type (column) | Private Credit | |
| Asset Sub-Type (column) | Business Loan | |
| City (column) | Charlotte | |
| State (column) | NC | |
| ZIP (document) | — | |
| Geography (document) | — | |
| Investing Entity (column) | Northwind Credit LLC | |
| Role (GP / LP) (column) | Lender | |
| Partners (document) | — | |
| Entity that Owns the Deal (column) | Northwind Credit LLC | |
| Ownership % (column) | 100.00% | |
| Initial Investment (column) | 750,000 | |
| Total Invested Capital (formula) | 750,000 | |
| MH / AK Code (column) | — | |
| Deal Manager (column) | Owen Mackey | |
| Investment Info (ALL) | 3/3 | |
| Strategy / Thesis (column) | ||
| Current Stage (column) | ||
| Projected Returns | 10.00% all-in yield | source ↗ confirmed |
Loan
19/27 answered
| Loan | 19/27 | |
| Original Maturity Date | 9/1/2027 | source ↗ confirmed |
| Extension Option / Excercised | One 6-month extension at 1 point - not exercised | source ↗ confirmed |
| Extended Maturity Date (formula) | — | |
| Loan Amount - Total | $750,000 | source ↗ confirmed |
| Loan Amount - Our Share (formula) | — | |
| Rate | 9.50% fixed, interest-only | source ↗ confirmed |
| Default Rate | 14.50% | source ↗ confirmed |
| Points | 1.00% at closing ($7,500) | source ↗ confirmed |
| Extension Fee | 1.00% of principal | source ↗ confirmed |
| Exit Fee | 0.50% of principal | source ↗ confirmed |
| Interest Reserve (document) | — | |
| Prepayment Terms | Open after month 12 | source ↗ confirmed |
| Late Fee Terms | 5% of the payment after 10 days | source ↗ confirmed |
| Interest Payment Frequency | Quarterly | source ↗ confirmed |
| Principal Payment Frequency | At maturity | source ↗ confirmed |
| Payment Due Dates | 1st of Mar, Jun, Sep, Dec | source ↗ confirmed |
| Last Expected Payment ($) | $17,812.50 | source confirmed |
| Last Expected Payment Date | 9/1/2026 | source confirmed |
| Last Payment ($) | — | |
| Last Payment Date | — | |
| Next Expected Payment ($) | $17,812.50 | source confirmed |
| Next Expected Payment Date | 12/1/2026 | source confirmed |
| Repayment Status (formula) | — | |
| Missing Amount (formula) | — | |
| Collateral | First lien on equipment and receivables | source ↗ confirmed |
| Personal Guarantors | Owen Mackey, joint and several | source ↗ confirmed |
| Profit-Share Rider (document) | — |
Tax
3/5 answered
| Tax | 3/5 | |
| Initial Tax Year Expected (formula) | 2,024 | |
| Tax Document Expected (column) | 1099-INT | |
| Tax Preparer (column) | — | |
| Contact for K1 (column) | Owen Mackey | |
| FEIN / Account # (column) | — |
Legal
1/6 answered
| Legal | 1/6 | |
| OA Status (column) | Executed | |
| Preferred Return (document) | — | |
| LP / GP Split (document) | — | |
| GP Ownership (document) | — | |
| Pref / Split Note (document) | — | |
| Side Letter | — |
Reporting & Docs
2/14 answered
| FS / Document Filing / Reporting | 2/14 | |
| OA (document) | — | |
| Loan Docs (loan) - tbd if separate | On file | source ↗ confirmed |
| Closing Statement (RE) (document) | — | |
| OM (document) | — | |
| UW | On file | source ↗ confirmed |
| General Reporting Frequency | — | |
| Accounting Basis (Cash, Accrual) | — | |
| P&L Frequency | — | |
| Balance Sheet Frequency | — | |
| Collections Report Frequency | — | |
| Rent Roll Frquency | — | |
| GL Frequency | — | |
| Investor Report Frequency | — | |
| Capital Account Frequency | — |
Capital Summary
Initial Investment
$750,000
S
Committed
$750,000
S
Current Cash
—
S
Total Invested
$750,000
C
Entities
Entity Owning Deal
Northwind Credit LLC
Investing Entity
Northwind Credit LLC
Tax Reporting Entity
Northwind Credit LLC
Quick Links
Distributions
Loans
Performance
Tax Docs
No property details available
Total Returns
$160,312
C
Capital
$0
C
Operations
$160,312
C
Lifetime ROI
21.4%
C
Annualized ROI
9.6%
C
IRR
10.7%
C
Equity Multiple
1.21x
C
# Distributions
9
Total Returns — Backup Calculation
| Capital Returns | $0 |
| Operations Returns | $160,312 |
| Total Returns | $160,312 |
Sum of all Capital + Operations distribution records for this investment.
Capital Returns — Backup Calculation
Sum of all distribution records where type = "Capital".
$0
Operations Returns — Backup Calculation
Sum of all distribution records where type = "Operations".
$160,312
Lifetime ROI — Backup Calculation
| Total Returns (numerator) | $160,312 |
| Total Invested Capital (denominator) | $750,000 |
| ROI = Returns / Invested | 21.4% |
Formula: Total Distributions / Total Invested Capital × 100
Annualized ROI — Backup Calculation
| Lifetime ROI | 21.4% |
| Investment Date | 09/01/2024 |
| Years Held | 2.1 yrs |
| Annualized ROI | 9.6% |
Formula: Lifetime ROI / Years Held
IRR — Backup Calculation
| Initial Investment (outflow) | -$750,000 |
| 10/01/2026 — Operations | $17,812 |
| 07/01/2026 — Operations | $17,812 |
| 04/01/2026 — Operations | $17,812 |
| 01/01/2026 — Operations | $17,812 |
| 10/01/2025 — Operations | $17,812 |
| 07/01/2025 — Operations | $17,812 |
| 04/01/2025 — Operations | $17,812 |
| 01/01/2025 — Operations | $17,812 |
| 10/01/2024 — Operations | $17,812 |
| Terminal Value (Current FMV) | $750,000 |
| IRR (XIRR) | 10.7% |
XIRR calculation using actual cash flow dates. Investment outflow → Distribution inflows → Terminal FMV (if active).
Equity Multiple — Backup Calculation
| Total Distributions | $160,312 |
| Current FMV | $750,000 |
| Total Invested Capital (denominator) | $750,000 |
| Equity Multiple | 1.21x |
Formula: (Total Distributions + Current FMV) / Total Invested Capital
# Distributions — Details
9 distribution records on file.
Latest: 10/01/2026
— Operations: $17,812
Performance History
| As Of Date | Total Returns | Lifetime ROI | Annualized ROI | IRR | Equity Multiple |
|---|---|---|---|---|---|
| 09/30/2026 | $160,312 | 21.4% | 9.6% | 9.6% | 1.21x |
Distribution Summary
| Total Distributions | $160,312 |
| YTD Distributions | $71,250 |
| Distribution Count | 9 |
| Latest | 2026-10 |
Loans
|
Owen Mackey, Northwind Coffee Co.
Current
|
$750,000
950.00%
|
Financial Statement Coverage — have vs need, from the Documents app
on file ·
missing
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No matching deal found in the Documents app for this investment.
No coverage grid recorded for this deal yet.
| Statement | On file | Missing | Latest on file | Missing periods |
|---|---|---|---|---|
| — |
Deal Docs
✓
Available Financial Statements — from the Documents app
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No matching deal found in the Documents app for this investment.
Matched to — no financial statements on file yet.
| Statement | Period | Received | Filed | Format | Open |
|---|---|---|---|---|---|
| Y — | View SharePoint ↗ |
Tax Documents — by Year (this entity)
2 document(s) · full tax history & capital roll-forward →
2025 (1)
| 1099-INT · Northwind Coffee Co. | Expected | — |
2024 (1)
| 1099-INT · Northwind Coffee Co. | Rcvd 09/12/25 | View |
Cross-Reference Tracking
| Distribution Applicable | Yes |
| Tax Tracker | Yes |
| FS Tracker | No |
| REO (Property) | No |
| Shared Expenses | No |
| Annual Report | No |
| Syndicated Entities | No |
| Loan Tracker | Yes |
| Exchange Tracker | No |
Loans
| Borrower / Contact | Original | Current | Rate | Maturity | Status |
|---|---|---|---|---|---|
| Owen Mackey, Northwind Coffee Co. | $750,000 | $750,000 | 950.0% | 09/01/2027 | Current |
Investment Notes
Interest received on time every quarter since origination.
Investment Status
| OA Status | Executed |
| Amount per OA | — |