PLN App Financing Jr. 2021-1 (San Francisco) | Percent Offering

Summary

PLN App Financing Jr. 2021-1 is a $750,000 loan offering structured as a junior position in San Francisco listed on Percent.

The issuer is Series of Cadence Group Platform, LLC (ticker PLN2 2021-1), organized in Delaware, offered under Rule 506(c).

The offering carries a stated rate of 11.5%, a term of 27 months, and a minimum investment of $20,000.

It is secured by SMB Financing / Asset Based.

AltStreet tracks 90 other Percent offerings in San Francisco, with disclosed rates ranging from 8.375% to 17%, 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: $750,000
Stated rate: 11.5%
Term: 27 months
Position: Junior
Minimum investment: $20,000
Collateral: SMB Financing
Return type: Interest
Distribution frequency: Monthly
Tax document: 1099-INT
Status: Exited
Exemption: Rule 506(c)
Issuing entity: Series of Cadence Group Platform, LLC (ticker PLN2 2021-1) (Delaware)
Target return: 11.5% APR
Senior secured: No
Liquidity: Locked
Distributions: Contractual
Launched: 2021-12-16
Closed: 2021-12-16
Expected exit: 2024-03-16

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

11.5%

Above 15% of peers, median 15%. Low for the book.

Hold period

27 mo

Above 91% 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 114 Percent private credit offerings launched in 2021. A percentile places a disclosed term, not a result. Browse the full Percent book.

Terminal Analysis

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Questions About This Offering

What is PLN App Financing Jr. 2021-1?

PLN App Financing Jr. 2021-1 is a $750,000 loan offering structured as a junior position in San Francisco listed on Percent. The issuer is Series of Cadence Group Platform, LLC (ticker PLN2 2021-1), organized in Delaware, offered under Rule 506(c). The offering carries a stated rate of 11.5%, a term of 27 months, and a minimum investment of $20,000.

What interest rate does PLN App Financing Jr. 2021-1 pay?

The offering carries a stated rate of 11.5% over a term of 27 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 PLN App Financing Jr. 2021-1?

The securities are issued by Series of Cadence Group Platform, LLC (ticker PLN2 2021-1), organized in Delaware. The offering relies on Rule 506(c), which permits advertising but limits sales to verified accredited investors.

When did PLN App Financing Jr. 2021-1 launch and close?

The offering launched on 2021-12-16. It closed on 2021-12-16. The expected exit date is 2024-03-16. AltStreet records its status as exited.

What is the minimum investment for PLN App Financing Jr. 2021-1?

The disclosed minimum is $20,000. Eligibility, availability, and the current status of this offering are determined by Percent, not by AltStreet.

Is PLN App Financing Jr. 2021-1 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.