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.

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9y

In my experience treating CF from capital events as different from operational CF is the exception, not the norm in most JV docs

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bolo up

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