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Build a New Fund

Configure fund terms, structure, and investor materials for your apartment syndication fund.

01Fund Identity

02Fund Economics

$
$
$
$
$
%
%

02bDistribution Waterfall Tiers DPP waterfall — typical for apartment syndications

Tier 1 LP return of capital + pref
%
%
%
%
Tier 2 After LP pref — 80/20 split
%
%
%
%
Tier 3 After full pref + hurdle — GP gets 25% carry
%
%
%
%

Default DPP waterfall shown above. Edit splits to reflect your fund's promote structure. Values stored as JSON for Legal Canvas LPA generation.

03Fee Structure

%
of acquisition price, charged at close
%
of AUM per year, typically paid monthly
%
of gross sale proceeds on exit

03bBackend / Other Fees

Key-value pairs for any additional backend fees. Legal Canvas reads this for LPA disclosure.

04Investment Strategy

yrs

05Investor Terms & Securities

506(b): up to 35 non-accredited w/sync. 506(c): accredited only, general solicitation OK.
Sync waiver = investor has existing relationship with GP and waives need for verification.

05bLP/GP Provisions

Personal liability carve-outs for GP on non-recourse debt default.

05cLPA Representations

Legal Canvas injects this text into the LPA's Representations & Warranties section.
SEC Rule 206 has strict requirements for historical performance in PPM — consult counsel before publishing.

06Key Personnel

07Performance Targets

%
x
Target IRR
—%
vs. 16–22% typical for value-add MF
Equity Multiple
—x
vs. 2.0–2.5x typical for value-add MF
Pref + Carry
—% pref / —% carry
competitive structure vs. peers

08Investment Thesis & Description

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