Waterfall

“Underwriting shouldn’t break deals.” Yet in many investment structures, it does. Developers, investors, and Limited Partners rely on fragmented spreadsheets to manage budgets, debt, equity, and cash flow. Without a structured waterfall, promotional calculations are complex, error-prone, and often misunderstood, resulting in delayed decisions and lost opportunities.

Pine Cone offers a structured solution through a universal, cloud-based, automated 4-tier waterfall. The model standardizes cash flow with minimal input and instant results, automatically calculating tier payment durations, remaining balances, accumulated distributions, and a full developer matrix including IRR, NPV, LTC, LTV, DSCR, ROC, ROI, and COC.

1. Capital Recovery | 2. Preferred Return | 3. GP Catch Up | 4. Carried Interest

Pine Cone Waterfall is equipped with simple and comprehensive investor-ready reports, supporting confident decision making, building investor trust, and bringing clarity, consistency, and confidence to every deal.