PLP Payroll Loans Financing Sr. 2024-1 (Miguel Hidalgo) | Percent Offering

Summary

PLP Payroll Loans Financing Sr. 2024-1 is a $125,550 loan offering structured as a senior position in Miguel Hidalgo listed on Percent.

The issuer is Series of Cadence Group Platform, LLC (ticker PLP1 2024-1), organized in Delaware, offered under Rule 506(c).

The offering carries a stated rate of 12%, a term of 20 months, and a minimum investment of $2,500.

It is secured by Consumer Loans / Asset Based.

AltStreet tracks 6 other Percent offerings in Miguel Hidalgo, with disclosed rates ranging from 11.5% to 12.75%, 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: $125,550
Stated rate: 12%
Term: 20 months
Position: Senior
Minimum investment: $2,500
Collateral: Consumer Loans
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 PLP1 2024-1) (Delaware)
Target return: 12% APR
Senior secured: Yes
Liquidity: Locked
Distributions: Contractual
Launched: 2024-05-02
Closed: 2024-05-01
Expected exit: 2025-12-20

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

12%

Above 20% of peers, median 15%. Low for the book.

Hold period

20 mo

Above 76% 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

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Questions About This Offering

What is PLP Payroll Loans Financing Sr. 2024-1?

PLP Payroll Loans Financing Sr. 2024-1 is a $125,550 loan offering structured as a senior position in Miguel Hidalgo listed on Percent. The issuer is Series of Cadence Group Platform, LLC (ticker PLP1 2024-1), organized in Delaware, offered under Rule 506(c). The offering carries a stated rate of 12%, a term of 20 months, and a minimum investment of $2,500.

What interest rate does PLP Payroll Loans Financing Sr. 2024-1 pay?

The offering carries a stated rate of 12% over a term of 20 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 PLP Payroll Loans Financing Sr. 2024-1?

The securities are issued by Series of Cadence Group Platform, LLC (ticker PLP1 2024-1), organized in Delaware. The offering relies on Rule 506(c), which permits advertising but limits sales to verified accredited investors.

When did PLP Payroll Loans Financing Sr. 2024-1 launch and close?

The offering launched on 2024-05-02. It closed on 2024-05-01. The expected exit date is 2025-12-20. AltStreet records its status as exited.

What is the minimum investment for PLP Payroll Loans 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 PLP Payroll Loans Financing Sr. 2024-1 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.