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Our Microlending LLC

Sponsored by Our Microlending LLC·

Unknown· Debt· LLC · 1 class· ● Low· PPM v1· Updated 26d ago
4 data notes
Unusual structureLow-confidence extractionUnscored: absolute lp takeUnscored: fee drag
Run the numbers
Composite
18.3
median 35 17
Pref Return
LP Take (Base)
median 42.6% · Other / Specialty
GP Commit
0.0%
median 0.0% +0.0%
Min Investment
$1K
ticket size
Offering Size
$10M
target raise
Cascade · Distributions

Where each dollar goes

$875K
LP $875K · Fees $0 · GP $0
GROSS PROCEEDS$875KLPT1Return of Capital$500,000 · 57.1% of grossLPGPT4Residual Split (100% / 0%) · 42.9%Limited Partners · $375KGeneral Partner · $0pool fully distributed
Standard scenario · $500K equity · 5y hold · 1.75× exitRun your own cascade →

Deal diligence10 findings · worst high

Automated checks across the fund's extracted PPM. Every finding is shown with the evidence it's based on — proven numbers or a verbatim quote and page.

Document quality

Drafting defects found in the PPM prose — numeric inconsistencies, broken cross-references, unfilled placeholders, and defined-term problems. Each is shown with the offending quote and its page.

Numeric inconsistency — 2018 rent expense ($54,140 vs $57,140)

Low

The audited 2018 rent figure is stated two ways: the Statement of Operations shows Rent of 54,140 for 2018, but Note 16 states rent expense was $57,140 for the same period.

Rent 54,140 51,828 ... Rent expense under the leases was $57,140 and 51,828 for the period ended December 31, 2018 and 2017 respectively.
PPM p.3985% confidence

Spelling / typo — DES

Info

Broken sentence with garbled token 'DES' where a verb (e.g. 'diluted'/'infringed') is missing, leaving the risk-factor clause incomplete.

We further cannot assure you that our goodwill in such brand name or logo will not be DES by third parties due to our failure to obtain the service marks
PPM p.1290% confidence

Diligence gaps

Questions a standard diligence questionnaire would ask that the PPM leaves unanswered.

DDQ gap: Does the fund engage an independent auditor?

High

The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: Does the fund have a GP clawback provision?

High

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the LP/GP carried-interest split above the preferred return?

High

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the preferred return (hurdle) rate offered to LPs?

High

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: Does the fund use a third-party fund administrator?

Medium

The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: Is there a GP catch-up, and at what rate?

Medium

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What distribution-waterfall structure does the fund use?

Medium

The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the GP's capital commitment (skin in the game)?

Medium

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ readiness

How much of a standard institutional due-diligence questionnaire this fund's offering documents answer out of the box. Gaps are questions an allocator will ask directly.

38%
Coverage
5 answered0 partial8 gaps13 questions
Economics
  • What is the preferred return (hurdle) rate offered to LPs?Gap
  • What is the LP/GP carried-interest split above the preferred return?Gap
  • Is there a GP catch-up, and at what rate?Gap
  • Does the fund have a GP clawback provision?Gap
  • What is the GP's capital commitment (skin in the game)?Gap
Structure
  • What distribution-waterfall structure does the fund use?Gap
  • What is the fund's investment strategy / asset class?Debt · UnknownAnswered
  • What is the fund's vintage year?Vintage 2019.Answered
  • What is the target offering size?Target offering of $10,000,000.Answered
  • What is the minimum LP investment?Minimum investment of $1,000.Answered
Fees & Expenses
  • Is the fund's fee schedule disclosed (management fee, etc.)?2 fee line item(s) extracted from the offering documents.Answered
Governance
  • Does the fund engage an independent auditor?Gap
  • Does the fund use a third-party fund administrator?Gap

Fee scheduletaken before LP distributions

Total load 0.00%
Fee
Trigger
Basis
Rate
Loan Origination Fee (Commission Income)
Loan origination / disbursement
Up to 6% of loan amount charged to borrowers; ranges 4%-5% depending on term (6-24 months). Recorded as commission income. Borrowers also required to make guaranteed deposit of up to 10% of loan amount.
0.00%
Late Fee
Loan payment more than 5 days past due
5% to 10% of borrower's monthly payment for any loan not paid within 5 days after due date
0.00%

Service providers3 gaps

Legal Counsel
Gap
Not disclosed
No independent counsel named for investors. Common in small syndications where Manager and Fund share counsel — reduces independence. Verify during diligence.
Auditor
Gap
Not disclosed
Audit intent not stated in PPM. Ask the sponsor: will the fund be audited, by whom, and on what frequency?
Fund Administrator
Gap
Not disclosed
No third-party fund administrator referenced. Manager likely handles admin internally — common for <$10M raises but reduces independence.
Placement Agent
OK
No placement agent engaged
No placement agent engaged. Direct placement by Manager — no placement fees eat your invested capital.

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