Savvy investors will have a waterfall structure with their money being first dollars out after construction loan.

Strategically located in downtown Niagara Falls just a walking distance from the Niagara Water Fall, Seneca Casino and Canada.

Also, how often do people get to see waterfalls in Arches and Zion? 

If a partner wants to bring in 20% down to a deal you have found: (1) what is the typical percentage split (2) Can you structure it similar to a waterfall model?

If 100% of the capital is returned you will typically see a waterfall structure to where the equity percentage of ownership may de-escalate because of the performance of the property. 

You can still check the math on what your cash-on-cash return is per quarter--it's nice to present to investors and for valuation purposes--but from a waterfall perspective it's not relevant.

The traditional, more commonly known structures are:1. 6-8%pref with 70/30 split thereafter (no GP catchup) and then you can add a waterfall tier structure if you want based off certain IRR hurdles being met. 2.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

@Mac CaspersenI loved growing up in Kahaluu and seeing all the waterfalls on the Koʻolaus after it rained.

I also took a developer's fee and had a waterfall split 70/30 after a 12% preferred.