How Equity Multiple Is Calculated

Equity multiple measures the total dollars returned to an investor for every dollar invested, combining all cash flow received during the hold period with the value returned at sale or maturity. Unlike a percentage rate of return, it shows the full scale of the outcome in plain terms.

Equity Multiple = (Total Cash Flow + Exit Value) / Initial Investment

What Drives Investment Returns

• Initial Investment — the upfront capital required to enter the investment.
• Cash Flow — the income distributed to investors during the hold period, paid annually or quarterly depending on the offering.
• Hold Period — how long the capital stays invested, typically five to ten years.
• Exit Value — the amount returned to investors at sale, payoff, or maturity.

A Note on Our Debt Fund Offerings

IPV-All Pro Debt Fund I, All Pro Funding V, and our broader historical Debt Funds average are structured differently than our equity offerings. Rather than owning a property, investors hold a secured note, with interest paid quarterly and principal returned at maturity. IPV-All Pro Debt Fund I is backed by a first lien on personal-injury medical receivables. All Pro Funding V is secured by 1st or 2nd deeds of trust on for-sale residential construction and land development projects, with a rate tied to the WSJ Prime Rate plus 3%, subject to a 7% floor and 10% ceiling. Because these are fixed-rate lending vehicles rather than appreciating assets, their return tracks closely with the stated interest rate rather than property appreciation.

A Note on Historical Averages

The Land Development, Debt Funds, and Multi-family figures in this calculator are investment-dollar-weighted averages drawn from All Pro Capital's completed project history, not forward-looking guarantees or targets. Weighting by investment size means a $15 million project counts more heavily in the average than a $500,000 project, which better reflects how capital was actually deployed across each category. The Multi-family Value-Add average in particular reflects a small number of exceptionally strong completed deals and should be read as a historical result for that specific project mix, not an expectation for future deals of the same type.