All Forum Posts by: Mark Doppe

Preferred return, priority return (similar to preferred but not quite the same), waterfall (describes the structure of the priorities)

I don't know your local laws, but in WA, changing ownership (i.e., new LLC, modifications that have a significant change of control, etc.) can trigger a Washington state real estate transfer tax. Depending on your locale, this can be expensive. (It runs 1.78% of sale price in WA).