I created a land development waterfall model for GP/LP flows using certain hurdle rates and promotes. It works fine in the base case. In the distressed case, meaning slower land sales, the IRR hurdle rates don't work because there is a need for cash later but it wasn't reserved for and I'm at a loss on how to reserve for it accurately. Anyone run into this before? Thanks in advance.
-
If you would like to post, please check out the MrExcel Message Board FAQ and register here. If you forgot your password, you can reset your password.
