Equity raises

Run the raise from the approved underwriting.

Open a raise from an approved deal and track it live, including target equity, soft circles, subscriptions, and funded commitments. Every commitment stays tied to the split, preferred return, and terms your team underwrote.

app.firmsource.com · Raises100% committed
Cedar Ridge
Austin, TX · $35M · 70/30 after 8% pref
3 investors
$7.88Mfunded of $8.75M target · 90%
Soft-circled
$8.75M
Signed
$8.75M
Accepted
$8.75M
Funded
$7.88M
Target $8.75M
MCMarcus ChenCedar Ridge Capital50.0%$4.38MFunded
SKSarah KleinmanKleinman Holdings40.0%$3.50MFunded
EWEleanor WhitfieldWhitfield Family Office10.0%$875KAccepted
Live
commitment tracking
8% pref
from the model
70 / 30
underwritten split
1 record
deal to raise
How the raise runs

From soft circle to funded commitment.

01

Targeted from the model

The equity target comes directly from the underwriting's equity to close, so the raise is anchored to real numbers instead of a rounded ask.

02

Clear commitment stages

Track each investor from soft circle to subscription to funded commitment, with every status visible at a glance.

03

Per-investor allocations

Allocate the raise across LPs using the same economics that drive the waterfall and investor returns.

04

Progress at a glance

See percent committed, remaining equity to raise, and which investors are in, all from one live view.

05

Approved deal terms

The preferred return, split, and promote shown to investors are the same terms your team underwrote and approved.

06

Follow-ups that do not slip

Outstanding commitments and next steps stay visible, so soft circles do not quietly go cold.

The investor's view

A private deal room for every invited LP.

Invited investors get a branded room for the offering: the property, the terms, your published projected returns, and every document, all in one place. They can review the materials and indicate interest without a single email thread or data-room login.

  • Terms and pref shown are the ones you underwrote
  • Projected returns are your published, dated snapshot
  • Non-binding interest reserves their place in the raise
portal.firmsource.com · Cedar Ridge
Cedar Ridge
Austin, TX
An investment opportunity with Meridian Residential Partners · 70/30 after 8% pref
Units168Asset classMultifamilyBuilt2016SubmarketEast Austin
Target raise
$8.75M
Minimum
$100K
Preferred return
8%
Projected returnsPublished Jul 2026
15.8%
Projected LP IRR
1.9×
Equity multiple
7.2%
Avg cash-on-cash
5 yrs
Hold
Projected— the sponsor's published underwriting. Forward-looking, not a guarantee.
Offering materials
OMCedar Ridge — Offering MemoView
ReportFinancial model & projectionsView
AgreementPPM & subscription docsView
Indicate interest
Non-binding — reserves your place while the raise finalizes.
Continue →
After the close

Funded commitments become investor positions.

The raise does not end when the wires come in. Every funded commitment becomes an investor position, with distributions, capital accounts, and reporting tied back to the same waterfall used in the underwriting.

  • Commitments become tracked positions
  • Distributions are computed from the waterfall
  • Capital accounts roll forward automatically
app.firmsource.com · DistributionsPublished
Cedar Ridge — Refinance distribution
Jun 30, 2026 · Waterfall · 8% pref · 70/30 · 3 investors
$1,200,000to investors · allocated from the waterfall
InvestorPrefRet. of cap.ProfitAmount
Marcus Chen$350K$200K$50K$600K
Sarah Kleinman$280K$160K$40K$480K
Eleanor Whitfield$70K$40K$10K$120K
GP promote$43K
Each amount = pref + return of capital + profit, per the committed waterfall 2 of 3 paid

Raise from the deal you underwrote.

Track every soft circle, subscription, and funded commitment against the approved terms, live.