App-managed — the 6.1 import no longer touches this loan.
Status
Current
Location
Charlotte, NC
Borrower
Owen Mackey, Northwind Coffee Co.
Original Amount
$750,000
Current Balance
$750,000
per 6.1
as of 2026-09-30
100.0% remaining
Interest Rate
9.50%
Default: 14.50%
Accrued Interest
$17,417
Maturity Date
2027-09-01
327 days remaining
Missing Amount
$0
Origination Date
2024-09-01
768 days old
Terms of Record
Rate, maturity and the payment schedule as the app holds them. Edit here
when a note is amended — an extension belongs in Extended
Maturity, which is the date every maturity figure reads first.
Terms & Economics
Rate (terms)
9.50% fixed, interest-only
Points
1 point at closing
Extension Option
One 6-month extension at 1 point
Exit Fee
0.5
Interest Reserve
0.0
Original Maturity
2027-09-01
Maturity (text)
Sep 01, 2027
Prepayment Terms
Open after month 12
Late Fee Terms
5% of the payment after 10 days
Payment Expectations (per 6.1)
Interest Frequency
Quarterly
Principal Frequency
At maturity
Payment Due Dates
Quarterly, 1st of the month
Next Expected
$17,812
Next Expected Date
2026-10-01
Last Received
$17,812
Last Received Date
2026-07-01
Collateral, Guaranty & Parties
Collateral
First lien on equipment and receivables
Personal Guaranty
Yes — principals, joint and several
Loan Documents
https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Northwind%20Coffee%20Term%20Note (SharePoint)
Workflow & Follow-Ups
Latest Notes Date
2026-09-30
Books & Reconciliation
Balance per QB BS
$750,000
Variance (live)
$0
Ties to QB (date)
Yes
Amount Due As Of
Principal plus interest accrued since this loan last PAID interest — actual/360,
note rate, no compounding. An estimate: points, exit & extension fees and any interest
reserve are not in it.
Principal
$750,000
Accrued Interest
$17,417
Total Due 2026-10-09
$767,417
If default rate charged
—
Interest paid through
2026-07-13
(QBO interest receipt)
Days accrued
88
Rate
9.50%
Basis actual/360
| If paid on | Principal | Accrued | Total Due |
|---|---|---|---|
| 2026-10-09 (as of) | $750,000 | $17,417 | $767,417 |
| 2026-11-08 | $750,000 | $23,354 | $773,354 |
| 2026-12-08 | $750,000 | $29,292 | $779,292 |
| 2027-01-07 | $750,000 | $35,229 | $785,229 |
QuickBooks Online (live ledger)
Read straight from the synced QBO general ledger — nothing copied. The Books Activity panel
below reads the retired QuickBooks Desktop feed, which stopped posting 2026-05-30.
Advanced
$0
Principal Returned
$0
Interest Received
$143,911
Balance per QBO
$0
Last Posting
2026-07-13
QBO says $0, the tracker says $750,000 —
a variance of -$750,000. Neither is automatically right: the tracker is
the Hale share and QBO is what the books recorded. Worth a look, not an automatic correction.
| Date | Type | Amount | Account Path | Payee / Memo |
|---|---|---|---|---|
| 2026-07-13 | INTEREST | $18,089 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Jul 2026 |
| 2026-04-13 | INTEREST | $18,323 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Apr 2026 |
| 2026-01-13 | INTEREST | $17,720 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Jan 2026 |
| 2025-10-13 | INTEREST | $18,023 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Oct 2025 |
| 2025-07-13 | INTEREST | $17,590 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Jul 2025 |
| 2025-04-13 | INTEREST | $17,947 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Apr 2025 |
| 2025-01-13 | INTEREST | $18,004 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Jan 2025 |
| 2024-10-13 | INTEREST | $18,215 | Northwind Coffee Co.:Distribution - Interest | Northwind Coffee Co. · Interest Oct 2024 |
Books Activity (QuickBooks Desktop — frozen)
Interest & principal actually received, from the retired QB Desktop feed linked to this deal. Computed live — nothing copied — but the feed itself stopped posting 2026-05-30; for anything since, read the QuickBooks Online panel above.
8 DAYS PAST DUE
YTD Interest
$0
YTD Principal
$0
All-Time Interest
$0
All-Time Principal In
$750,000
Last Receipt
2024-09-01
Interest reconciliation (2025)
Expected (bal×rate) $71,250
Booked in QB $0
| Date | Type | Amount | QB Account | Name / Memo |
|---|---|---|---|---|
| 2024-09-01 | PRINCIPAL IN | $750,000 | Loan | Northwind Coffee · Loan funded |
Status Notes
Your dated read on the loan (calls, emails, workout progress). The latest note replaces the 6.1 Action Items column on the Default Risk & Watch List. Uploading an .eml below also stamps a note automatically.
09/19/26
Called the borrower about the extension election; they intend to repay at maturity.
ON WATCH LIST
08/11/26
EMAIL
Borrower emailed updated financials; receivables up 6% quarter on quarter.
07/28/26
Quarterly interest received on time; borrower confirms covenant compliance.
Documents & Term Verification
Upload the note / mortgage / guaranty / wire confirm / emails — terms are extracted and compared against the tracker. Verify each field against its source.
4 terms verified
Deal Folder
Open folder ↗
https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Northwind%20Coffee%20Term%20Note
Funding wire confirmation.pdf
wire
59 KB · 12/11/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Original Amount | 750000.0 | 750000.0 | MATCH | |
| Origination Date | 2024-09-01 | 2024-09-01 | MATCH |
Promissory Note - Northwind Coffee Term Note.pdf
note
402 KB · 07/02/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Original Amount | 750000.0 | 750000.0 | MATCH | |
| Interest Rate | 9.5 | 9.5 | MATCH | |
| Rate Terms (tiered/text) | 9.50% fixed, interest-only | 9.50% fixed, interest-only | MATCH | |
| Default Rate | 14.5 | 14.5 | MATCH | |
| Origination Date | 2024-09-01 | 2024-09-01 | MATCH | |
| Maturity Date | 2027-09-01 | 2027-09-01 | MATCH | |
| Payment Frequency | Quarterly | Quarterly | MATCH | |
| Late Fee Terms | 5% of the payment after 10 days | 5% of the payment after 10 days | MATCH | |
| Prepayment Terms | Open after month 12 | Open after month 12 | MATCH | |
| Collateral | First lien on equipment and receivables | First lien on equipment and receivables | MATCH | |
| Guarantor(s) | Yes — principals, joint and several | Yes — principals, joint and several | MATCH | |
| Points / Fees | 1 point at closing | 1 point at closing | MATCH | |
| Extension Option | One 6-month extension at 1 point | One 6-month extension at 1 point | MATCH | |
| Profit-Share Rider | Yes | — | NOT IN TRACKER |
Guaranty - Northwind Coffee Term Note.pdf
guaranty
183 KB · 06/05/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Guarantor(s) | Yes — principals, joint and several | Yes — principals, joint and several | MATCH |
Interest Calculations
Annual Interest (Est.)
$71,250
Based on current balance × rate
Monthly Interest (Est.)
$5,938
Annual ÷ 12 months
Formula Used
Balance × Rate × (Days ÷ 365)
Payments
Received: $142,500 ·
Expected: $0 ·
Collected: 100.0%
| Date | Amount | Principal | Interest | Fee | Type | Status | Books | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-925647 | ||
| 2026-06-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-988974 | ||
| 2026-03-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-650625 | ||
| 2025-12-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-852985 | ||
| 2025-09-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-396492 | ||
| 2025-06-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-813684 | ||
| 2025-03-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-922932 | ||
| 2024-12-01 | $17,812 | $0 | $17,812 | $0 | Interest | Received | — Wire WIRE-437616 |
8 payments
Repayment Progress
$0 / $750,000
0.0% repaid
Investment Details
Deal Name
Northwind Coffee Term Note
Entity
Northwind Coffee Co.
Asset Type
Private Credit
Location
Charlotte, NC
Additional Information
Collateral
First lien on equipment and receivables
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