Mill Street Bridge Loan
Mill Street Bridge Loan
Total Invested
$0
S
FMV
—
never marked
S
Lifetime ROI
100.0%
C
Capital Stack Breakdown
| Component | Amount | Tag |
|---|---|---|
| Initial Investment Components | ||
| Initial Cash | $900,000 | S |
| = Initial Investment | $900,000 | C |
| Capital Activity | ||
| Return of Capital | $900,000 | S |
| = Total Invested Capital | $0 | C |
| Hale Share (100.0%) | $0 | C |
Scope
One investment row (#1032) — 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
$-900,000
1 postings · capital contribution + loan
Distributions
$900,000
operations + capital + synd
Cash In / Out
$900,000 / $-900,000
by sign, ignoring the bucket
Net
$0
2 postings
✓ Foots to the Total Returns KPI — the rows below add to
$900,000. 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10/01/2025 | Workbook | Capital | Loan Repay | Deposit | 83156 | Harbor Lane Partners LLC | Principal repaid at maturity | NWC | Northwind Credit LLC | 1032 | $900,000 |
| 04/01/2024 | Workbook | Investments | Loan | Check | 26187 | Harbor Lane Partners LLC | Loan funded | NWC | Northwind Credit LLC | 1032 | $-900,000 |
| Total (2 postings) | $0 | ||||||||||
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
$900,000
click for detail
Capital
$900,000
click for detail
Operations
—
click for detail
ROI
100.0%
click for detail
Ann. ROI
58.7%
click for detail
IRR
-0.0%
click for detail
Eq. Multiple
2.00x
click for detail
# Distributions
1
click for detail
Total Returns — Backup Calculation
| Capital Returns | $900,000 |
| Operations Returns | $0 |
| = Total Returns (Capital + Operations) | $900,000 |
Sum of all Capital-type and Operations-type distributions received.
Capital Returns — Backup
| 10/01/2025 | $900,000 |
| = Total Capital Returns | $900,000 |
Loan repayments, return of capital, sale proceeds.
Operations Returns — Backup
| = Total Operations Returns | $0 |
Income distributions, interest, dividends.
ROI — Backup Calculation
| Total Returns | $900,000 |
| Invested Basis | $900,000 |
| = Lifetime ROI | 100.0% |
Formula: Total Returns ÷ Invested Basis
Branch taken: No equity basis on this row (loan/credit deal), so the denominator falls back to capital deployed per QB transactions.
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 | 100.0% |
| Holding Period | 1.50 yrs |
| = Annualized ROI | 58.7% |
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 (04/01/2024) | -$900,000 |
| Capital — 10/01/2025 | $900,000 |
| = XIRR | -0.0% |
XIRR computed using mid-month (15th) assumption for distribution dates. Red = outflows, green = inflows.
Equity Multiple — Backup Calculation
| Total Returns | $900,000 |
| Initial Investment | $900,000 |
| = Equity Multiple | 2.00x |
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 | 1 |
| Operations Distributions | 0 |
| Other | 0 |
| = Total Count | 1 |
| Avg per Distribution | $900,000 |
Cumulative Distributions Over Time
Distribution Summary by Date Received
| Year | Month | # Distributions | Total Amount | Types |
|---|---|---|---|---|
| 2025 | 1 | $900,000 | ||
| Oct 2025 | 1 | $900,000 | Capital | |
| TOTAL | 1 | $900,000 | ||
Complete Distribution History
| Date Received | Period | Type | Amount | Notes |
|---|---|---|---|---|
| 10/01/2025 | 2025-10 | Capital | $900,000 | |
| TOTAL | $900,000 | |||
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 | $900,000 | 100.0% | 31.6% | — | 1.00x |
Sections
41/75
answered · 54.7%
Deal Info
18/23 answered
| DEAL ID | 15/20 | |
| Investment # (column) | 1,032 | |
| Date of Investment (column) | 4/1/2024 | |
| Holding Period (Years) (formula) | 1.5014 | |
| Name of Investment (column) | Mill Street Bridge Loan | |
| Legal Name of Investment (column) | Mill Street Bridge Lender LLC | |
| Asset Type (column) | Private Credit | |
| Asset Sub-Type (column) | Bridge Loan | |
| City (column) | Raleigh | |
| 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) | 900,000 | |
| Total Invested Capital (formula) | — | |
| MH / AK Code (column) | — | |
| Deal Manager (column) | Tomas Alvarez | |
| Investment Info (ALL) | 3/3 | |
| Strategy / Thesis (column) | ||
| Current Stage (column) | ||
| Projected Returns | 11.00% all-in yield | source ↗ confirmed |
Loan
17/27 answered
| Loan | 17/27 | |
| Original Maturity Date | 10/1/2025 | source ↗ confirmed |
| Extension Option / Excercised | One 6-month extension at 1 point - not exercised; repaid at maturity | source ↗ confirmed |
| Extended Maturity Date (formula) | — | |
| Loan Amount - Total | $900,000 | source ↗ confirmed |
| Loan Amount - Our Share (formula) | — | |
| Rate | 10.00% fixed, interest-only | source ↗ confirmed |
| Default Rate | 15.00% | source ↗ confirmed |
| Points | 1.00% at closing ($9,000) | source ↗ confirmed |
| Extension Fee | 1.00% of principal | source ↗ confirmed |
| Exit Fee | 0.50% of principal | source ↗ confirmed |
| Interest Reserve (document) | — | |
| Prepayment Terms | Open after month 12 | source ↗ confirmed |
| Late Fee Terms | 5% of the payment after 10 days | source ↗ confirmed |
| Interest Payment Frequency | Quarterly | source ↗ confirmed |
| Principal Payment Frequency | At maturity | source ↗ confirmed |
| Payment Due Dates | 1st of Jan, Apr, Jul, Oct | source ↗ confirmed |
| Last Expected Payment ($) | $922,500.00 | source confirmed |
| Last Expected Payment Date | 10/1/2025 | source confirmed |
| Last Payment ($) | — | |
| Last Payment Date | — | |
| Next Expected Payment ($) (document) | — | |
| Next Expected Payment Date (document) | — | |
| Repayment Status (formula) | — | |
| Missing Amount (formula) | — | |
| Collateral | Second mortgage on the property | source ↗ confirmed |
| Personal Guarantors | Tomas Alvarez, 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) | Tomas Alvarez | |
| 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
$900,000
S
Committed
$900,000
S
Current Cash
—
S
Total Invested
$0
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
$900,000
C
Capital
$900,000
C
Operations
$0
C
Lifetime ROI
100.0%
C
Annualized ROI
58.7%
C
IRR
-0.0%
C
Equity Multiple
2.00x
C
# Distributions
1
Total Returns — Backup Calculation
| Capital Returns | $900,000 |
| Operations Returns | $0 |
| Total Returns | $900,000 |
Sum of all Capital + Operations distribution records for this investment.
Capital Returns — Backup Calculation
Sum of all distribution records where type = "Capital".
$900,000
Operations Returns — Backup Calculation
Sum of all distribution records where type = "Operations".
$0
Lifetime ROI — Backup Calculation
| Total Returns (numerator) | $900,000 |
| Total Invested Capital (denominator) | $0 |
| ROI = Returns / Invested | 100.0% |
Formula: Total Distributions / Total Invested Capital × 100
Annualized ROI — Backup Calculation
| Lifetime ROI | 100.0% |
| Investment Date | 04/01/2024 |
| Years Held | 1.5 yrs |
| Annualized ROI | 58.7% |
Formula: Lifetime ROI / Years Held
IRR — Backup Calculation
| Initial Investment (outflow) | -$0 |
| 10/01/2025 — Capital | $900,000 |
| IRR (XIRR) | -0.0% |
XIRR calculation using actual cash flow dates. Investment outflow → Distribution inflows → Terminal FMV (if active).
Equity Multiple — Backup Calculation
| Total Distributions | $900,000 |
| Total Invested Capital (denominator) | $0 |
| Equity Multiple | 2.00x |
Formula: (Total Distributions + Current FMV) / Total Invested Capital
# Distributions — Details
1 distribution records on file.
Latest: 10/01/2025
— Capital: $900,000
Performance History
| As Of Date | Total Returns | Lifetime ROI | Annualized ROI | IRR | Equity Multiple |
|---|---|---|---|---|---|
| 09/30/2026 | $900,000 | 100.0% | 31.6% | — | 1.00x |
Distribution Summary
| Total Distributions | $900,000 |
| YTD Distributions | $0 |
| Distribution Count | 1 |
| Latest | 2025-10 |
Loans
|
Tomas Alvarez, Mill Street Bridge Lender LLC
Repaid
|
—
1,000.00%
|
Financial Statement Coverage — have vs need, from the Documents app
on file ·
missing
Loading coverage…
Statement coverage comes from the Documents app, which isn't connected in this demo.
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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Statement coverage comes from the Documents app, which isn't connected in this demo.
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 · Mill Street Bridge Lender LLC | Rcvd 08/04/26 | View |
2024 (1)
| 1099-INT · Mill Street Bridge Lender LLC | Rcvd 04/18/25 | View |
Cross-Reference Tracking
| Distribution Applicable | No |
| 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 |
|---|---|---|---|---|---|
| Tomas Alvarez, Mill Street Bridge Lender LLC | $900,000 | $0 | 1,000.0% | 10/01/2025 | Repaid |
Investment Notes
Interest received on time every quarter since origination.
Investment Status
| OA Status | Executed |
| Amount per OA | — |