Summary
NBG Restaurant Financing Sr. 2024-1 is a $312,000 loan offering structured as a senior position in California listed on Percent.
The issuer is Series 173 of Cadence Group Platform, LLC, organized in Delaware, offered under Rule 506(c).
The offering carries a stated rate of 18%, a term of 12 months, and a minimum investment of $2,500.
It is secured by Corporate Loan / Corporate Loan.
AltStreet tracks 5 other Percent offerings in California, with disclosed rates ranging from 15.25% to 18%, 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
- $312,000
- Stated rate
- 18%
- Term
- 12 months
- Position
- Senior
- Minimum investment
- $2,500
- Collateral
- Corporate Loan
- Return type
- Interest
- Distribution frequency
- Monthly
- Tax document
- 1099-INT
- Status
- Restructured
- Exemption
- Rule 506(c)
- Issuing entity
- Series 173 of Cadence Group Platform, LLC (Delaware)
- Target return
- 18% APR
- Senior secured
- Yes
- Liquidity
- Locked
- Distributions
- Contractual
- Launched
- 2024-06-29
- Closed
- 2024-06-29
- Expected exit
- 2025-06-28
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
18%
Above 80% of peers, median 15%. High for the book.
Hold period
12 mo
Above 60% of peers, median 9 mo. Near the middle of the book.
Compared against 1,080 other Percent private credit offerings with a disclosed rate. This offering is one of 207 Percent private credit offerings launched in 2024. 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 NBG Restaurant Financing Sr. 2024-1?
NBG Restaurant Financing Sr. 2024-1 is a $312,000 loan offering structured as a senior position in California listed on Percent. The issuer is Series 173 of Cadence Group Platform, LLC, organized in Delaware, offered under Rule 506(c). The offering carries a stated rate of 18%, a term of 12 months, and a minimum investment of $2,500.
What interest rate does NBG Restaurant Financing Sr. 2024-1 pay?
The offering carries a stated rate of 18% over a term of 12 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 NBG Restaurant Financing Sr. 2024-1?
The securities are issued by Series 173 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 NBG Restaurant Financing Sr. 2024-1 launch and close?
The offering launched on 2024-06-29. It closed on 2024-06-29. The expected exit date is 2025-06-28. AltStreet records its status as restructured.
What is the minimum investment for NBG Restaurant Financing Sr. 2024-1?
The disclosed minimum is $2,500. Eligibility, availability, and the current status of this offering are determined by Percent, not by AltStreet.
Is NBG Restaurant Financing Sr. 2024-1 still open to investors?
AltStreet's record shows the offering as restructured. 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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