Summary
CAR Corporate Loan Sr. 2023-2 is a $1,724,369 loan offering structured as a senior position in Bogotá listed on Percent.
The issuer is Series 87 of Cadence Group Platform, LLC, organized in Delaware, offered under Rule 506(c).
The offering carries a stated rate of 17.5%, a term of 9 months, and a minimum investment of $500.
It is secured by Corporate Loan / Corporate Loan.
AltStreet tracks 67 other Percent offerings in Bogotá, with disclosed rates ranging from 12% to 24%, and across 1,133 tracked Percent offerings the median disclosed rate is 15%.
Terms shown here are drawn from direct platform disclosures and were captured by AltStreet on 2026-10-06. Figures are as disclosed at the time of the offering and are not updated for subsequent performance.
Disclosed Terms
- Offering amount
- $1,724,369
- Stated rate
- 17.5%
- Term
- 9 months
- Position
- Senior
- Minimum investment
- $500
- Collateral
- Corporate Loan
- Return type
- Interest
- Distribution frequency
- Monthly
- Tax document
- 1099-INT
- Status
- Exited
- Exemption
- Rule 506(c)
- Issuing entity
- Series 87 of Cadence Group Platform, LLC (Delaware)
- Target return
- 17.5% APR
- Senior secured
- Yes
- Liquidity
- Locked
- Distributions
- Contractual
- Launched
- 2023-04-11
- Closed
- 2023-04-10
- Expected exit
- 2024-01-11
Terms as disclosed at the time of the offering. AltStreet does not update these figures for subsequent performance, and a disclosed rate is not a realized return.
Where It Sits in Percent's Book
Disclosed rate
17.5%
Above 77% of peers, median 15%. High for the book.
Hold period
9 mo
Above 25% of peers, median 9 mo. Low for the book.
Compared against 1,080 other Percent private credit offerings with a disclosed rate. This offering is one of 142 Percent private credit offerings launched in 2023. A percentile places a disclosed term, not a result. Browse the full Percent book.
Terminal Analysis
Terminal analysis for this offering
Terminal access unlocks rate, LTV, and term percentiles against every tracked peer, 1,132 comparable offerings side by side.
Access full researchQuestions About This Offering
What is CAR Corporate Loan Sr. 2023-2?
CAR Corporate Loan Sr. 2023-2 is a $1,724,369 loan offering structured as a senior position in Bogotá listed on Percent. The issuer is Series 87 of Cadence Group Platform, LLC, organized in Delaware, offered under Rule 506(c). The offering carries a stated rate of 17.5%, a term of 9 months, and a minimum investment of $500.
What interest rate does CAR Corporate Loan Sr. 2023-2 pay?
The offering carries a stated rate of 17.5% over a term of 9 months, as disclosed at the time of the offering on Percent. Stated rates are not guaranteed returns; repayment depends on the borrower and the underlying collateral.
Who is the issuer of CAR Corporate Loan Sr. 2023-2?
The securities are issued by Series 87 of Cadence Group Platform, LLC, organized in Delaware. The offering relies on Rule 506(c), which permits advertising but limits sales to verified accredited investors.
When did CAR Corporate Loan Sr. 2023-2 launch and close?
The offering launched on 2023-04-11. It closed on 2023-04-10. The expected exit date is 2024-01-11. AltStreet records its status as exited.
What is the minimum investment for CAR Corporate Loan Sr. 2023-2?
The disclosed minimum is $500. Eligibility, availability, and the current status of this offering are determined by Percent, not by AltStreet.
Is CAR Corporate Loan Sr. 2023-2 still open to investors?
AltStreet's record shows the offering as exited. AltStreet tracks this offering from platform disclosures, last captured 2026-10-06. Offering status changes without a corresponding filing in many cases, so current availability should be confirmed directly with Percent before acting.
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