When looking to scale their business, most real estate entrepreneurs must make a choice: take on outside capital, or slow down your pace of growth.
Unfortunately, most capital comes with strings attached, whether that’s an increased debt-to-income ratio or the loss of some of your business’ equity.
At Nectar, we know what it’s like to grapple with that choice, and we’ve decided that it doesn’t have to be this way. Instead, we provide instant cash flow financing to real estate entrepreneurs who want to scale their business without sacrificing equity.
Whether you need capital to renovate one of your short-term rentals or place a down payment on a new property, here’s an overview of some of the biggest advantages to working with Nectar.
Many real estate entrepreneurs will first go to traditional lenders when looking to scale their businesses, because they seem like the most reliable option.
The problem, however, is that any capital you receive from a traditional lender will affect your debt-to-income ratio, which then factors into your ability to get a mortgage in the future.
At Nectar, any capital you receive does not impact your debt-to-income ratio. In fact, many of the entrepreneurs we work with use Nectar to supplement their loans from traditional lenders. For example, we can supply down payment assistance to help you purchase a new property, and then you can also take on a mortgage for that property from a bank or other lender.
Investors can seem like an appealing alternative to traditional lenders, because they have the ability to move fast and may even have experience in the short-term rental space. But taking on investors requires you to give up some of the equity in your business.
Not only does this mean that you’ll see smaller returns in the future because you’ll have to divide returns among multiple stakeholders, but many investors will also want a say in the way you grow your business. They may ask that you consult them about decisions like future property purchases or renovations, and this could ultimately slow down your growth in the future.
At Nectar, we’re committed to helping you keep your upsides. We simply provide you capital, and once you pay it back we step away completely and you get to keep 100% of your business.
The real estate market moves fast, and when you’re ready to buy a new property, there’s no time to waste on waiting for capital.
Nectar eliminates the time you’d need to spend finding investors or waiting on a bank to approve your loan. We’ve made the process incredibly simple and streamlined so you can get the capital you need, right away.
Within about a day of sending us your profit and loss statement we can provide you with an estimate. And once we’ve collected the documents you need and present you with a cash flow agreement to sign, we’re able to wire you the funds on the same day.
One of the reasons we’re able to move so quickly is because of our digital, automated process for gathering your bank statements and profit and loss sheets. Once we’ve collected your initial information and finalized our agreement, you won’t have to worry about sending us documents each month.
This also allows us to provide you with a dashboard of real-time, relevant information on your financial performance and balance sheet, empowering you to make informed decisions as you continue to grow.
At Nectar, we’re committed to helping real estate entrepreneurs win, and we’re uniquely equipped to do that because we’ve been in your shoes.
As real estate entrepreneurs, ourselves, we know the struggles and pain points that come with growth, and we want to empower you to keep scaling without sacrificing the most important parts of your business.
If you’re interested in learning more about how Nectar can help you grow, contact us today for an instant estimate.