Anders Jax
Is this waterfall structure a non-starter for an LP?
LP gets first 7% of returns as pref-From 7-12% split is 50/50 LP/GP-From 12-17% split is 25/75 in GP favor-From 17%+ split is 10/90 in GP favorThat means that if the investment did 30% irr pre-distribution that the LP...
Joshua Bautista
Detailed ProForma Syndication Template
I feel like a scumbag and a moocher but does anyone have a Detailed ProForma Syndication Template that I can utilize :) It will make my Christmas miracle
Jordan Santiago
REFI EQUITY RESTRUCTURE
Hey BP,I heard an interesting conversation about equity restructure once the property is stabilized and refinanced. Not something I would personally lean towards, but just want to hear other opinions and feedback.This...
Steven Segal
Common Equity Structures with Investors
Hey-I am working on a couple larger deals that I have people interested in coming in as equity investors. Are there some structures that you have offered/used that have worked well?Thanks,Steven
Scott Morongell
Syndication Offering Structure Debate
Sponsors: What deal structure are you currently pitching to your LP's and why?
Passive Investors: What is your favorite structure assuming the sponsor and market have already checked the boxes for you? And why is it...
Adam Scherr
Syndication questions
Hello All,
I have been reading a lot of the info here trying to get a good understanding of how to structure my first syndication. From reading, I do understand that there is no 'one size fits all' for structuring s...
Anders Jax
What is a standard waterfall structure payback(LP paid first etc)
If $1m is invested by LP and annual cash flow is $200k for 5 years and asset sells for $2m, lets say for simplicity split 8% pref and 60/40 thereafter, so LP gets $150k in theory per year on cash flows before selling ...
Caleb Smith
Preferred Equity and Invested Capital
In the equity waterfall, I recently learned that the preferred return is distributed based on the amount of capital invested in the deal.Then, as the capital is paid back, the preferred return is adjusted to the amoun...
James Murphy
Preferred Equity in Carried Interest Waterfall
Thought this was straightforward but been hearing from others it may not be:Example: $100 invested in Year 0 and $100 returned in Year 1. At that point in time there is $8 pref balance based on 8% pref terms. Does the...
Nicholas Cook
Syndication Structure for Long Term Hold
Hi Everyone,I am a partner on a 55 unit apartment development in Portland, Oregon. The development site is an excellent location and a reason to hold the property long term.We need to raise equity and under a typical ...