Waterfalls
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Running the numbers on
ERC HOMEBUILDERS 2, INC.· ERC Communities
Back to fund
LP IRRⓘ
1.9%
annualized
LP Multipleⓘ
1.10×
$550K
LP Takeⓘ
73.3%
of gross proceeds
GP Takeⓘ
26.7%
incl. fees
Fee Dragⓘ
26.7%
$200K
Dollar split

Where your dollar goes

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

Total gross proceeds$750,000
LP · 73.3%$550K
Fees · 26.7%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$750K
LP $550K · Fees $200K · GP $0
GROSS PROCEEDS$750KGPFFees to Manager$200,000 · 26.7% of grossLPT1Return of Capital$500,000 · 66.7% of grossLPT2Preferred Return (8%)$50,000 · 6.7% of gross$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
$50K
Compare