What is levered cash flow?
The equity investor’s cash flow stream: equity invested at close, Cash Flow After Debt Service each year, and sale proceeds net of loan payoff and prepayment penalties. Its IRR measures the equity return under the financing terms.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.