Capital Waterfall
I see a lot of discussion here on cash flow waterfalls. What are typical business term for a capital event? (ie dispo or refi) Are the same IRR hurdles used? I have some experience in this, but only in LIHTC. I'd be curious to see what LPs and sponsors are seeing out there in negotiations.
In my experience treating CF from capital events as different from operational CF is the exception, not the norm in most JV docs
In pariatur ea sunt voluptatem. Non maxime quam placeat placeat. Voluptas provident dolores eos aliquid molestiae.
Qui nemo molestiae delectus ex quo. Aperiam asperiores sint ea tempora in.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...