I am trying to model the following scenario. A 50/50 jv with each party clearly contributing an equal amount of equity.
The waterfall is as follows:
1. Both parties get return of capital pari passu
2. Both parties receive an 8% pref return on all equity invested.
3. Up to 20% irr, developer gets 95% of return
4. From 20% to 30% irr, equ...
Skills: financial analysis