Waterfalls
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Running the numbers on
MHPI II, LLC· MHP Portfolio, LLC and RV Horizons, Inc.
Back to fund
LP IRRⓘ
5.8%
annualized
LP Multipleⓘ
1.32×
$663K
LP Takeⓘ
75.7%
of gross proceeds
GP Takeⓘ
24.3%
incl. fees
Fee Dragⓘ
24.3%
$213K
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$875KGPFFees to Manager$212,500 · 24.3% of grossBT1Class B Preferred Return Catch-Up (P…$200,000 · 22.9% of grossBT2Return of Unreturned Capital Contrib…$462,500 · 52.9% of gross$pool fully distributed
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
▾
Distributions
T1
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
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