App-managed — the 6.1 import no longer touches this loan.
Status
Upcoming Maturity
Location
Chicago, IL
Borrower
Marcus Feld, Lakeshore Terrace Mezz Lender LLC
Original Amount
$1,000,000
Current Balance
$1,000,000
per 6.1
as of 2026-09-30
100.0% remaining
Interest Rate
11.00%
Default: 16.00%
Accrued Interest
$26,278
Maturity Date
2026-12-20
72 days remaining
Missing Amount
$0
Origination Date
2023-12-20
1024 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)
11.00% 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
2026-12-20
Maturity (text)
Dec 20, 2026
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
$27,500
Next Expected Date
2026-10-01
Last Received
$27,500
Last Received Date
2026-07-01
Collateral, Guaranty & Parties
Collateral
Pledge of membership interests
Personal Guaranty
Yes — principals, joint and several
Loan Documents
https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Lakeshore%20Terrace%20Mezz%20Loan (SharePoint)
Workflow & Follow-Ups
Outstanding Action Items
Confirm extension election by maturity
Latest Notes Date
2026-09-30
Books & Reconciliation
Balance per QB BS
$1,000,000
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
$1,000,000
Accrued Interest
$26,278
Total Due 2026-10-09
$1,026,278
If default rate charged
—
Interest paid through
2026-07-15
(QBO interest receipt)
Days accrued
86
Rate
11.00%
Basis actual/360
| If paid on | Principal | Accrued | Total Due |
|---|---|---|---|
| 2026-10-09 (as of) | $1,000,000 | $26,278 | $1,026,278 |
| 2026-11-08 | $1,000,000 | $35,444 | $1,035,444 |
| 2026-12-08 | $1,000,000 | $44,611 | $1,044,611 |
| 2027-01-07 | $1,000,000 | $53,778 | $1,053,778 |
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
$221,795
Balance per QBO
$0
Last Posting
2026-07-15
QBO says $0, the tracker says $1,000,000 —
a variance of -$1,000,000. 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 |
|---|---|---|---|---|
| 2026-07-15 | INTEREST | $26,830 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · Interest Jul 2026 |
| 2026-04-15 | INTEREST | $27,855 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · Interest Apr 2026 |
| 2026-01-15 | INTEREST | $27,970 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · Interest Jan 2026 |
| 2025-10-15 | INTEREST | $27,511 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · Interest Oct 2025 |
| 2025-07-15 | INTEREST | $28,172 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · Interest Jul 2025 |
| 2025-04-15 | INTEREST | $27,777 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · Interest Apr 2025 |
| 2025-01-15 | INTEREST | $28,084 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · Interest Jan 2025 |
| 2024-10-15 | INTEREST | $27,596 | Lakeshore Terrace Mezz Lender LLC:Distribution - Interest | Lakeshore Terrace Mezz Lender LLC · 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
$1,000,000
Last Receipt
2023-12-20
Interest reconciliation (2025)
Expected (bal×rate) $110,000
Booked in QB $0
| Date | Type | Amount | QB Account | Name / Memo |
|---|---|---|---|---|
| 2023-12-20 | PRINCIPAL IN | $1,000,000 | Loan | Granite Peak Capital Mgmt · 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.
10/03/26
Called the borrower about the extension election; they intend to repay at maturity.
ON WATCH LIST
09/03/26
EMAIL
Borrower emailed updated financials; receivables up 6% quarter on quarter.
07/15/26
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/Lakeshore%20Terrace%20Mezz%20Loan
Guaranty - Lakeshore Terrace Mezz Loan.pdf
guaranty
183 KB · 11/16/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Guarantor(s) | Yes — principals, joint and several | Yes — principals, joint and several | MATCH |
Promissory Note - Lakeshore Terrace Mezz Loan.pdf
note
402 KB · 11/04/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Original Amount | 1000000.0 | 1000000.0 | MATCH | |
| Interest Rate | 11.0 | 11.0 | MATCH | |
| Rate Terms (tiered/text) | 11.00% fixed, interest-only | 11.00% fixed, interest-only | MATCH | |
| Default Rate | 16.0 | 16.0 | MATCH | |
| Origination Date | 2023-12-20 | 2023-12-20 | MATCH | |
| Maturity Date | 2026-12-20 | 2026-12-20 | 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 | Pledge of membership interests | Pledge of membership interests | 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 |
Funding wire confirmation.pdf
wire
59 KB · 08/29/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Original Amount | 1000000.0 | 1000000.0 | MATCH | |
| Origination Date | 2023-12-20 | 2023-12-20 | MATCH |
Interest Calculations
Annual Interest (Est.)
$110,000
Based on current balance × rate
Monthly Interest (Est.)
$9,167
Annual ÷ 12 months
Formula Used
Balance × Rate × (Days ÷ 365)
Payments
Received: $302,500 ·
Expected: $0 ·
Collected: 100.0%
| Date | Amount | Principal | Interest | Fee | Type | Status | Books | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-276396 | ||
| 2026-06-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-324090 | ||
| 2026-03-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-645902 | ||
| 2025-12-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-475487 | ||
| 2025-09-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-173840 | ||
| 2025-06-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-711293 | ||
| 2025-03-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-653753 | ||
| 2024-12-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-726159 | ||
| 2024-09-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-734800 | ||
| 2024-06-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-278639 | ||
| 2024-03-01 | $27,500 | $0 | $27,500 | $0 | Interest | Received | — Wire WIRE-486198 |
11 payments
Repayment Progress
$0 / $1,000,000
0.0% repaid
Investment Details
Deal Name
Lakeshore Terrace Mezz Loan
Entity
Lakeshore Terrace Mezz Lender LLC
Asset Type
Private Credit
Location
Chicago, IL
Additional Information
Collateral
Pledge of membership interests
Post this payment to QuickBooks
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