Waterfalls
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Running the numbers on
ERC Homebuilders 1, Inc.· ERC Communities
Back to fund
LP IRRⓘ
8.8%
annualized
LP Multipleⓘ
1.52×
$763K
LP Takeⓘ
50.8%
of gross proceeds
GP Takeⓘ
49.2%
incl. fees
Fee Dragⓘ
49.2%
$738K
Dollar split

Where your dollar goes

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

Total gross proceeds$1,500,000
LP · 50.8%$763K
Fees · 49.2%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$2M
LP $763K · Fees $738K · GP $0
GROSS PROCEEDS$2MGPFFees to Manager$737,500 · 49.2% of grossLPT1Return of Capital$500,000 · 33.3% of grossLPT2Preferred Return (8%)$200,000 · 13.3% of grossLPGPT4Residual Split (100% / 0%) · 4.2%Limited Partners · $63KGeneral Partner · $0$pool fully distributed
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
▾
Distributions
T1
Return of Capital
Limited Partners
$500K
T2
Preferred Return (8%)
Limited Partners
$200K
T4
Residual Split (100% / 0%)
Limited Partners
$63K
T4
Residual Split (100% / 0%)
General Partner
$0
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