Summary
OCN Auto Leases Sr. 2024-2 is a $823,657 loan offering structured as a senior position in Mexico City listed on Percent.
The issuer is Series 131 of Cadence Group Platform, LLC, organized in Delaware, offered under Rule 506(c).
The offering carries a stated rate of 22%, a term of 24 months, and a minimum investment of $5,000.
It is secured by Consumer Loans / Asset Based.
AltStreet tracks 12 other Percent offerings in Mexico City, with disclosed rates ranging from 13% to 22%, 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
- $823,657
- Stated rate
- 22%
- Term
- 24 months
- Position
- Senior
- Minimum investment
- $5,000
- Collateral
- Consumer Loans
- Return type
- Interest
- Distribution frequency
- Monthly
- Tax document
- 1099-INT
- Status
- Exited
- Exemption
- Rule 506(c)
- Issuing entity
- Series 131 of Cadence Group Platform, LLC (Delaware)
- Target return
- 22% APR
- Senior secured
- Yes
- Liquidity
- Locked
- Distributions
- Contractual
- Launched
- 2024-04-08
- Closed
- 2024-04-07
- Expected exit
- 2026-04-08
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
22%
Above 98% of peers, median 15%. High for the book.
Hold period
24 mo
Above 80% of peers, median 9 mo. High for 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 OCN Auto Leases Sr. 2024-2?
OCN Auto Leases Sr. 2024-2 is a $823,657 loan offering structured as a senior position in Mexico City listed on Percent. The issuer is Series 131 of Cadence Group Platform, LLC, organized in Delaware, offered under Rule 506(c). The offering carries a stated rate of 22%, a term of 24 months, and a minimum investment of $5,000.
What interest rate does OCN Auto Leases Sr. 2024-2 pay?
The offering carries a stated rate of 22% over a term of 24 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 OCN Auto Leases Sr. 2024-2?
The securities are issued by Series 131 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 OCN Auto Leases Sr. 2024-2 launch and close?
The offering launched on 2024-04-08. It closed on 2024-04-07. The expected exit date is 2026-04-08. AltStreet records its status as exited.
What is the minimum investment for OCN Auto Leases Sr. 2024-2?
The disclosed minimum is $5,000. Eligibility, availability, and the current status of this offering are determined by Percent, not by AltStreet.
Is OCN Auto Leases Sr. 2024-2 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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