App-managed — the 6.1 import no longer touches this loan.
Status
Repaid
Location
Raleigh, NC
Borrower
Tomas Alvarez, Mill Street Bridge Lender LLC
Original Amount
$900,000
Current Balance
$0
per 6.1
as of 2026-09-30
0.0% remaining
Interest Rate
10.00%
Default: 15.00%
Accrued Interest
$0
Maturity Date
2025-10-01
373 days overdue
Missing Amount
$0
Origination Date
2024-04-01
921 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)
10.00% 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
2025-10-01
Maturity (text)
Oct 01, 2025
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
Last Received
$22,500
Last Received Date
2026-07-01
Collateral, Guaranty & Parties
Collateral
Second mortgage on the property
Personal Guaranty
Yes — principals, joint and several
Loan Documents
https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Mill%20Street%20Bridge%20Loan (SharePoint)
Workflow & Follow-Ups
Latest Notes Date
2026-09-30
Books & Reconciliation
Balance per QB BS
$0
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
$0
Accrued Interest
$0
Total Due 2026-10-09
$0
If default rate charged
—
Interest paid through
2026-07-01
(6.1 last payment received)
Days accrued
100
Rate
10.00%
Basis actual/360
373 days past maturity
| If paid on | Principal | Accrued | Total Due |
|---|---|---|---|
| 2026-10-09 (as of) | $0 | $0 | $0 |
| 2026-11-08 | $0 | $0 | $0 |
| 2026-12-08 | $0 | $0 | $0 |
| 2027-01-07 | $0 | $0 | $0 |
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.
The live QuickBooks ledger isn't loaded into this demo.
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.
YTD Interest
$0
YTD Principal
$0
All-Time Interest
$0
All-Time Principal In
$900,000
Last Receipt
2024-04-01
Interest reconciliation (2025)
Expected (bal×rate) $0
Booked in QB $0
no rate on file — coverage n/a
| Date | Type | Amount | QB Account | Name / Memo |
|---|---|---|---|---|
| 2025-10-01 | ADVANCE | $900,000 | Loan Repay | Harbor Lane Partners LLC · Principal repaid at maturity |
| 2024-04-01 | PRINCIPAL IN | $900,000 | Loan | Harbor Lane Partners LLC · 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.
09/22/26
Payoff wire received and reconciled to the note; file closed.
ON WATCH LIST
09/08/26
EMAIL
Borrower emailed updated financials; receivables up 6% quarter on quarter.
07/07/26
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/Mill%20Street%20Bridge%20Loan
Mortgage and Assignment of Rents - Mill Street Bridge Loan.pdf
mortgage
898 KB · 10/14/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Collateral | Second mortgage on the property | Second mortgage on the property | MATCH |
Guaranty - Mill Street Bridge Loan.pdf
guaranty
183 KB · 09/18/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Guarantor(s) | Yes — principals, joint and several | Yes — principals, joint and several | MATCH |
Funding wire confirmation.pdf
wire
59 KB · 08/22/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Original Amount | 900000.0 | 900000.0 | MATCH | |
| Origination Date | 2024-04-01 | 2024-04-01 | MATCH |
Promissory Note - Mill Street Bridge Loan.pdf
note
402 KB · 05/12/2025
EXTRACTED
| Term | Per Document | Per Tracker | Check | |
|---|---|---|---|---|
| Original Amount | 900000.0 | 900000.0 | MATCH | |
| Interest Rate | 10.0 | 10.0 | MATCH | |
| Rate Terms (tiered/text) | 10.00% fixed, interest-only | 10.00% fixed, interest-only | MATCH | |
| Default Rate | 15.0 | 15.0 | MATCH | |
| Origination Date | 2024-04-01 | 2024-04-01 | MATCH | |
| Maturity Date | 2025-10-01 | 2025-10-01 | 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 | Second mortgage on the property | Second mortgage on the property | 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 |
Interest Calculations
Annual Interest (Est.)
$0
Based on current balance × rate
Monthly Interest (Est.)
$0
Annual ÷ 12 months
Formula Used
Balance × Rate × (Days ÷ 365)
Payments
Received: $1,035,000 ·
Expected: $0 ·
Collected: 100.0%
| Date | Amount | Principal | Interest | Fee | Type | Status | Books | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| 2025-10-01 | $22,500 | $0 | $22,500 | $0 | Interest | Received | — Wire WIRE-898114 | ||
| 2025-10-01 | $900,000 | $900,000 | $0 | $0 | Principal | Received | — Wire | ||
| 2025-07-01 | $22,500 | $0 | $22,500 | $0 | Interest | Received | — Wire WIRE-210419 | ||
| 2025-04-01 | $22,500 | $0 | $22,500 | $0 | Interest | Received | — Wire WIRE-242996 | ||
| 2025-01-01 | $22,500 | $0 | $22,500 | $0 | Interest | Received | — Wire WIRE-594295 | ||
| 2024-10-01 | $22,500 | $0 | $22,500 | $0 | Interest | Received | — Wire WIRE-922887 | ||
| 2024-07-01 | $22,500 | $0 | $22,500 | $0 | Interest | Received | — Wire WIRE-805498 |
7 payments
Repayment Progress
$900,000 / $900,000
100.0% repaid
Investment Details
Deal Name
Mill Street Bridge Loan
Entity
Mill Street Bridge Lender LLC
Asset Type
Private Credit
Location
Raleigh, NC
Additional Information
Collateral
Second mortgage on the property
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