Cash Waterfall Demo
Model cash distributions and certify each waterfall rule with a reproducible receipt
Model cash distributions and certify each waterfall rule with a reproducible receipt
Consistent
Same input → same output
Consistent
Same input → same output
Fast
Get an answer instantly
Fast
Get an answer instantly
Results
Proof + results + constraints
Results
Proof + trace + constraints
Results
Proof + trace + constraints
Certified
Certified before release
Certified
Certified before release
Certified
Certified before release
Deal Inputs & Capital Stack
Gross sale proceeds
$78,500,000.00
Deal profile
Sponsor
Broadstone Capital Partners
Asset
Class A Multifamily Portfolio
Market
Dallas–Fort Worth, TX
Gross sale proceeds
Tier 1 — Closing Costs / Taxes / Reserve
Closing costs
Transfer taxes
Reserve holdback
Tiers 2–4 — Debt + Preferred Equity
Senior payoff
Mezz payoff
Preferred equity capital
Accrued preferred return
Tier 5 — Residual Split (LP / GP)
LP residual split %
GP residual split %
Configured split sum
100.00%
Sample B intentionally sets LP + GP residual split to 110% to demonstrate fail-closed certification behavior.
Control tolerance
max allowed rounding delta
Production pattern: compute waterfall deterministically, then gate release on certifiable control checks with an auditable receipt.
Priority Waterfall Ledger
Class A Multifamily PortfolioDallas–Fort Worth, TX
Total paid
$78,500,000.00
Ending cash
$0.00
Priority shortfall total
$0.00
Exceptions
0
Waterfall summary
Gross sale proceeds
$78,500,000.00
Tier 1 claim (fees/tax/reserve)
$1,850,000.00
Tier 4 pref claim
$13,200,000.00
Tier 5 residual base
$7,950,000.00
LP / GP residual split
80.00% / 20.00% (sum 100.00%)
Cash conservation delta
$0.00
| Tier | Beneficiary | Claim | Paid | Shortfall | Remaining After | % | Rule | Note |
|---|---|---|---|---|---|---|---|---|
Tier 1PAID | Transaction Costs / Tax Authority / Reserve | $1,850,000.00 | $1,850,000.00 | $0.00 | $76,650,000.00 | — | Pay documented close costs, transfer taxes, and reserve holdback first | Closing costs + transfer taxes + reserve holdback |
Tier 2PAID | Senior Lender | $46,300,000.00 | $46,300,000.00 | $0.00 | $30,350,000.00 | — | Senior secured debt payoff | — |
Tier 3PAID | Mezz Lender | $9,200,000.00 | $9,200,000.00 | $0.00 | $21,150,000.00 | — | Mezz debt payoff after senior paid | — |
Tier 4PAID | Preferred Equity | $13,200,000.00 | $13,200,000.00 | $0.00 | $7,950,000.00 | — | Return of capital + accrued preferred return | Capital + accrued pref |
Tier 5APAID | LP Residual Distribution | $6,360,000.00 | $6,360,000.00 | $0.00 | $1,590,000.00 | 80.00% | Residual split based on configured LP % of Tier-5 residual base | Residual base = $7,950,000.00 |
Tier 5BPAID | GP Residual Distribution | $1,590,000.00 | $1,590,000.00 | $0.00 | $0.00 | 20.00% | Residual split based on configured GP % of Tier-5 residual base | Residual base = $7,950,000.00 |
Priority tiers are applied strictly in order. Residual split is based on the Tier-5 residual base after all fixed claims.
Certification Summary
READY—
Run certification to generate a control receipt
Verified outputs
Gross sale proceeds
$78,500,000.00
Total paid
$78,500,000.00
Ending cash
$0.00
Priority breaches
0
Kernel version
—
Execution time
—
Checks performed
Deal Inputs & Capital Stack
Gross sale proceeds
$78,500,000.00
Deal profile
Sponsor
Broadstone Capital Partners
Asset
Class A Multifamily Portfolio
Market
Dallas–Fort Worth, TX
Gross sale proceeds
Tier 1 — Closing Costs / Taxes / Reserve
Closing costs
Transfer taxes
Reserve holdback
Tiers 2–4 — Debt + Preferred Equity
Senior payoff
Mezz payoff
Preferred equity capital
Accrued preferred return
Tier 5 — Residual Split (LP / GP)
LP residual split %
GP residual split %
Configured split sum
100.00%
Sample B intentionally sets LP + GP residual split to 110% to demonstrate fail-closed certification behavior.
Control tolerance
max allowed rounding delta
Production pattern: compute waterfall deterministically, then gate release on certifiable control checks with an auditable receipt.
Priority Waterfall Ledger
Class A Multifamily PortfolioDallas–Fort Worth, TX
Total paid
$78,500,000.00
Ending cash
$0.00
Priority shortfall total
$0.00
Exceptions
0
Waterfall summary
Gross sale proceeds
$78,500,000.00
Tier 1 claim (fees/tax/reserve)
$1,850,000.00
Tier 4 pref claim
$13,200,000.00
Tier 5 residual base
$7,950,000.00
LP / GP residual split
80.00% / 20.00% (sum 100.00%)
Cash conservation delta
$0.00
| Tier | Beneficiary | Claim | Paid | Shortfall | Remaining After | % | Rule | Note |
|---|---|---|---|---|---|---|---|---|
Tier 1PAID | Transaction Costs / Tax Authority / Reserve | $1,850,000.00 | $1,850,000.00 | $0.00 | $76,650,000.00 | — | Pay documented close costs, transfer taxes, and reserve holdback first | Closing costs + transfer taxes + reserve holdback |
Tier 2PAID | Senior Lender | $46,300,000.00 | $46,300,000.00 | $0.00 | $30,350,000.00 | — | Senior secured debt payoff | — |
Tier 3PAID | Mezz Lender | $9,200,000.00 | $9,200,000.00 | $0.00 | $21,150,000.00 | — | Mezz debt payoff after senior paid | — |
Tier 4PAID | Preferred Equity | $13,200,000.00 | $13,200,000.00 | $0.00 | $7,950,000.00 | — | Return of capital + accrued preferred return | Capital + accrued pref |
Tier 5APAID | LP Residual Distribution | $6,360,000.00 | $6,360,000.00 | $0.00 | $1,590,000.00 | 80.00% | Residual split based on configured LP % of Tier-5 residual base | Residual base = $7,950,000.00 |
Tier 5BPAID | GP Residual Distribution | $1,590,000.00 | $1,590,000.00 | $0.00 | $0.00 | 20.00% | Residual split based on configured GP % of Tier-5 residual base | Residual base = $7,950,000.00 |
Priority tiers are applied strictly in order. Residual split is based on the Tier-5 residual base after all fixed claims.
Certification Summary
READY—
Run certification to generate a control receipt
Verified outputs
Gross sale proceeds
$78,500,000.00
Total paid
$78,500,000.00
Ending cash
$0.00
Priority breaches
0
Kernel version
—
Execution time
—
Checks performed
