Capital Stack Planning & Deal Structuring
Capital Stack Planning & Deal Structuring
Capital stack planning is the discipline of designing a project's financing structure to align risk and return correctly across equity and debt layers โ and to hold up under conditions that test that alignment.
What's Included
- โEquity and debt layer structuring
- โGP/LP waterfall design and documentation
- โPreferred return and promote modeling
- โConstruction loan sizing and covenant analysis
- โCapital call schedule and reserve planning
- โExit scenario analysis across 3 underwriting cases
Why It Matters
The real value of capital stack planning.
A capital structure that works in the upside case but fails in the base case is not a viable capital structure. River's approach starts with the downside โ identifying where the stack breaks before it's committed.
The value of getting this right early is measured by what you avoid โ not what you gain.
River Business Corp
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