The Pre-Attorney
Term Sheet.
A clean, shareable, one-page summary of every deal term — built automatically from your scenario. Get LPs to "yes" before the attorney sends a fee estimate.
123 Main Street Syndication, LLC
What's on the Term Sheet
Six sections, auto-populated from your scenario. Every line is defensible because every line came from your actual model.
1. Partners & Contributions
Each partner's role, contribution type (cash / sweat / property), and cash value pulled from the Partners tab.
2. Stream Allocations
A matrix of every active return stream × every partner, showing the % each partner receives.
3. Compensation & Fees
Acquisition, asset mgmt, disposition, and custom sponsor fees with avg $/yr, total paid, and accrued amounts.
4. Waterfall Rules
Every tier in order — return of capital, preferred return (with compounding), GP catch-up, promote, and super-hurdle.
5. Projected Returns
Hold period, total distributions, projected IRR, and equity multiple — per partner.
6. Per-Property Breakdown
When the scenario is linked to 2+ properties, a per-property partner-return table is appended automatically.
+ Print to PDF
One-click browser print produces a clean PDF suitable for email attachment.
Why "Pre-Attorney"?
The term sheet exists to settle economic terms before your attorney starts drafting the operating agreement.
Generate term sheet
From any saved scenario in the calculator.
Share with LPs
They confirm the economic terms on paper.
Send to attorney
Attorney drafts the OA from settled terms — not guesses.
Fewer revisions
Less back-and-forth, lower legal bill.
Explore More Features
See everything Real Estate Partnership Equity Split Calculator has to offer.
Partner Equity Splitter
Define contribution, equity percentage, and role for every partner — with full support for asymmetric and hybrid splits.
Learn more →Compensation & Fees Stack
Stack every sponsor fee on the right base — acquisition on equity raised, asset management on NOI, disposition on sale proceeds.
Learn more →Waterfall Calculator
Model per-stream tiered waterfalls: return of capital, preferred return, catch-up, promote — on cash flow, appreciation, and sale separately.
Learn more →Distribution Modeler
Year-by-year partner distributions in a stacked column chart, plus cumulative timelines and the exit waterfall.
Learn more →Multi-Property Portfolio Projections
Roll scenarios up to entity and portfolio with aggregate committed capital, IRR, and partner-level totals across deals.
Learn more →AI Authoring Suite
Four authoring prompts pre-filled with scenario numbers: LP pitch outline, investor one-pager, risk disclosure draft, operator weekly update.
Learn more →AI Contract Review Pipeline
Five structured AI prompts that review JV and partnership agreements clause by clause — plain English, risks, obligations, negotiation playbook, executive brief.
Learn more →