Waterfalls
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Running the numbers on
Iron Bridge Mortgage Fund, LLC· Iron Bridge Lending
Back to fund
LP IRRⓘ
13.1%
annualized
LP Multipleⓘ
1.85×
$925K
LP Takeⓘ
61.7%
of gross proceeds
GP Takeⓘ
38.3%
incl. fees
Fee Dragⓘ
38.3%
$575K
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 · 61.7%$925K
Fees · 38.3%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$2M
LP $925K · Fees $575K · GP $0
GROSS PROCEEDS$2MGPFFees to Manager$575,000 · 38.3% of grossLPT1Return of Capital$500,000 · 33.3% of grossLPT2Preferred Return (9%)$225,000 · 15.0% of grossLPGPT4Residual Split (100% / 0%) · 13.3%Limited Partners · $200KGeneral 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 (9%)
Limited Partners
$225K
T4
Residual Split (100% / 0%)
Limited Partners
$200K
T4
Residual Split (100% / 0%)
General Partner
$0
Compare