Help Center/Real estate basics

Real estate basics

The concepts behind the offerings — deal metrics, waterfalls, sponsor fees, syndication roles, and the capital stack.

• Which numbers should I look at before investing in a deal?Explains NOI, cap rate, DSCR, and cash-on-cash return — the four core numbers to check before investing in a real estate deal.2 min read
• How do distribution waterfalls decide what I get paid?Explains waterfall tiers — return of capital, preferred return, catch-up, promote — and which terms to check before you invest.2 min read
• What fees do sponsors charge, and how do they affect my return?Explains acquisition, asset management, promote, and disposition fees sponsors charge and how they reduce an investor's return.2 min read
• What is a real estate syndication, and what do GPs and LPs actually do?Explains how a real estate syndication works, the GP's active role versus the LP's passive one, and the risks to weigh before investing.2 min read
• Where does my investment sit in the capital stack?The capital stack orders who gets paid first in a real estate deal, and your layer sets both your risk and your potential return.2 min read