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 · 75.7%$663K
Fees · 24.3%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions
Where each dollar goes
$875K
LP $663K · Fees $213K · GP $0
Gross proceeds at exit
$875K
FFees to Manager
$212,500 · 24.3% of gross
taken before the waterfall→ GP $213K
T1Class B Preferred Return Catch-Up (Priority Distribution Deficit) · First, to Members with a Priority Distribution Deficit (unpaid 8% non-cumulative Preferred Return on Class B Unreturned Capital Contributions). Only Class B Members are entitled to a Preferred Return.
$200,000 · 22.9% of gross
uncapped — takes what remains→ B $200K
T2Return of Unreturned Capital Contributions · Applies to Available Cash from Refinancing or Sale of Real Property only. Distributed pro rata to Members with Unreturned Capital Contributions; only Class B Members made cash capital contributions (Class A holds Profits Interests).
$462,500 · 52.9% of gross
uncapped — takes what remains→ B $463K
Where it lands · of gross proceeds
LP $663K (75.7%)Fees $213K (24.3%)GP $0 (0.0%)
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier traceSame numbers, tabular. Click to expand.▾
Tier-by-tier trace
Same numbers, tabular. Click to expand.
Distributions
T1
Class B Preferred Return Catch-Up (Priority Distribution Deficit) · First, to Members with a Priority Distribution Deficit (unpaid 8% non-cumulative Preferred Return on Class B Unreturned Capital Contributions). Only Class B Members are entitled to a Preferred Return.
Class B Membership Interests
$200K
T2
Return of Unreturned Capital Contributions · Applies to Available Cash from Refinancing or Sale of Real Property only. Distributed pro rata to Members with Unreturned Capital Contributions; only Class B Members made cash capital contributions (Class A holds Profits Interests).
Class B Membership Interests
$463K