Waterfalls
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Running the numbers on
Elevation Vero Beach SA, LLC· Vero Beach Manager, LLC
Back to fund
LP IRRⓘ
3.8%
annualized
LP Multipleⓘ
1.21×
$603K
LP Takeⓘ
68.9%
of gross proceeds
GP Takeⓘ
31.1%
incl. fees
Fee Dragⓘ
8.1%
$71K
Dollar split

Where your dollar goes

Every dollar of gross proceeds traced through the waterfall at the current exit.

Total gross proceeds$875,000
LP · 68.9%$603K
Fees · 8.1%
GP · 23.0%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $603K · Fees $71K · GP $201K
GROSS PROCEEDS$875KGPFFees to Manager$71,250 · 8.1% of grossAT2Class A Preferred Return (stepped 5%…$66,667 · 7.6% of gross$residual $737K
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
▾
Distributions
T2
Class A Preferred Return (stepped 5%-8%) during first 7 years · During first 7 years following Initial Closing; stepped: Yr1-2 = 5%, Yr3 = 6%, Yr4 = 7%, Yr5-7 = 8%; paid from Class A's share (Class A Overall Percentage) of remaining operating cash flow; shortfall may be funded from Special Reserve
Class A Units
$67K
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