Waterfalls
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Running the numbers on
MHPI I, LLC· MHP Portfolio, LLC and MHP Investing & Leasing, LLC (Managers)
Back to fund
LP IRRⓘ
-1.0%
annualized
LP Multipleⓘ
0.95×
$475K
LP Takeⓘ
54.3%
of gross proceeds
GP Takeⓘ
45.7%
incl. fees
Fee Dragⓘ
45.7%
$400K
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 · 54.3%$475K
Fees · 45.7%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $475K · Fees $400K · GP $0
GROSS PROCEEDS$875KGPFFees to Manager$400,000 · 45.7% of grossBT1Preferred Return (8%) - Priority Dis…$100,000 · 11.4% of grossBT2Return of Capital (Refinancing/Sale …$375,000 · 42.9% of gross$pool fully distributed
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
▾
Distributions
T1
Preferred Return (8%) - Priority Distribution Deficit · First priority on Available Cash from Operations and Refinancing/Sale: distributed solely to Members with Priority Distribution Deficits (i.e., unpaid 8% non-cumulative Preferred Return on Unreturned Capital Contributions). Only Class B is entitled to a Preferred Return per Operating Agreement Section 1.K.
Class B Membership Interests
$100K
T2
Return of Capital (Refinancing/Sale only) · Applies only to Available Cash from Refinancing or Sale of Real Property. Distributed to Members with Unreturned Capital Contributions until reduced to zero. Class A Members made no cash contributions (Profits Interest only), so only Class B has Unreturned Capital Contributions.
Class B Membership Interests
$375K
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