Showing Summit Office Note onlyShow all loans

Summit Office Note

Summit Office Note

Your loans

1 positions · tap a card to open itExport CSV
Paid offSummit Office NoteReno, NV · Note Purchase
Balance$0
Rate11.6% · monthly
Paid to you$146,336
Paid offOct 5, 2025

The loan

StatusPaid off
StructureNote purchase · Debt
ClosedApr 5, 2024

Your position

Committed$125,000
Contributed$125,000
IRR to date12.0%

The property

SponsorSierra Office Investors
Bought at94% of par
PropertyOffice · 42,000 sq ft
Address5450 Kietzke Lane, Reno, NV 89511
StageNote repaid at par

A performing note on a 42,000 sq ft suburban office, bought at a discount and repaid at par at maturity.

Performance by loan

1 positions · 1.17x DPI
Positions, your share
DealStructureStatusCommittedContributedDistributedCurrent balanceRateIRR
Summit Office NoteReno, NVNote purchaseCompleted$125,000$125,000$146,336$011.6%12.0%
Total · 1 positions$125,000$125,000$146,336$011.6%12.0%

The term, served

paid off Oct 5, 2025
Months served18 of 18
Principal returned$125,000
Interest earned$21,336
Rate11.6%
Closed Apr 5 2024Paid off Oct 5 2025

Past distributions6 of 19All distributions

Oct 5 2025$794.52Interest · 20 days to payoff
Oct 5 2025$125,000.00Repaid at par at maturity
Sep 15 2025$1,208.33Interest · Sep 2025
Aug 15 2025$1,208.33Interest · Aug 2025
Jul 15 2025$1,208.33Interest · Jul 2025
Jun 15 2025$1,208.33Interest · Jun 2025