Cascade · Distributions
Where each dollar goes
$875K
LP $475K · Fees $400K · GP $0
Standard scenario · $500K equity · 5y hold · 1.75× exitRun your own cascade →
Class structure · 4 classes
How MHPI I, LLC divides the cap table
The cascade above models the blended LP view. Click a class below to view per-class economics.
Class A
Manager/GP“MHP Portfolio, LLC ... Profits Interest 17% ... MHP Investing & Leasing, LLC ... Profits Interest 19.5% ... Academy Fund, LP ... Profits Interest 13.5%”— PPM p. 59
Class A Membership Interests
Manager/GP (Profits Interest)“The principals of the Managers, along with Academy Fund, LP ... will hold 100% of the Company's Class A Interests.”— PPM p. 8
Class B
LP“members holding the Class B Interests purchased in this offering will hold collectively 50% of the total membership interests of the Company”— PPM p. 8
Class B Membership Interests
LP (Investor)“members holding the Class B Interests purchased in this offering will hold collectively 50% of the total membership interests of the Company”— PPM p. 8
What changed: v1 → v2
Material economic terms that moved between the two most recent PPM versions.
- Waterfall structurePreferred Return with 50/50 residual split (no catch-up)→European-style with 8% pref, ROC, then 50/50 split
Fee scheduletaken before LP distributions
Total load 48.00%Fee
Trigger
Basis
Rate
Acquisition Fee (Administrative Fee)
At acquisition of each property
Total Acquisition Cost (purchase price inclusive of financing)
5.00%
Guaranty Fee
Upon guarantee by Member/Affiliate
Total amount of obligations guaranteed
2.50%
Placement Agent Commission
At closing of subscription
Offering Proceeds (up to 10%)
10.00%
At acquisition of each property
Purchase Price (total acquisition costs inclusive of financing)
5.00%
Guaranty Fee
When Member/Affiliate guarantees Company debt
Total amount of Company obligations guaranteed
2.50%
Placement Agent Commission
On capital raised via broker-dealers
Offering proceeds (up to)
10.00%
Service providers2 gaps
Legal Counsel
Dean Mead Services, LLC
The name of the Company's registered agent at that address is Dean Mead Services, LLC.
Auditor
Not disclosed
Audit intent not stated in PPM. Ask the sponsor: will the fund be audited, by whom, and on what frequency?
Fund Administrator
Not disclosed
No third-party fund administrator referenced. Manager likely handles admin internally — common for <$10M raises but reduces independence.
Placement Agent
No placement agent engaged
No placement agent engaged. Direct placement by Manager — no placement fees eat your invested capital.
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