Waterfalls
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Running the numbers on
Secured Real Estate Fund II, LLC· SREIF Manager II, LLC
Back to fund
LP IRRⓘ
21.9%
annualized
LP Multipleⓘ
2.69×
$1M
LP Takeⓘ
89.7%
of gross proceeds
GP Takeⓘ
10.3%
incl. fees
Fee Dragⓘ
10.3%
$155K
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 · 89.7%$1M
Fees · 10.3%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$2M
LP $1M · Fees $155K · GP $0
GROSS PROCEEDS$2MGPFFees to Manager$155,000 · 10.3% of grossLPT1Return of Capital$500,000 · 33.3% of grossLPT2Preferred Return (8%)$200,000 · 13.3% of grossLPGPT4Residual Split (100% / 0%) · 43.0%Limited Partners · $645KGeneral 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 (8%)
Limited Partners
$200K
T4
Residual Split (100% / 0%)
Limited Partners
$645K
T4
Residual Split (100% / 0%)
General Partner
$0
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