We are so thrilled to partner with Nectar for a cash flow facility that both reduces our debt service payments and helps us accelerate profitable expansion. If you are an experienced short-stay rental property owner who is looking for a group of professionals that both understand your business and stand ready to empower you on the journey to industry excellence, Team Nectar is a perfect fit! - Jake M., STR owner-operator
About the Entrepreneur
Jake M. is one of the owners of a family-owned and operated hospitality company, which provides luxury vacation rentals and curated experiences throughout the Southeast and Midwest.
The company currently owns or manages 19 properties and they’ve differentiated themselves by focusing on large estates and mansions that offer “quintessential Southern hospitality, quiet luxury, and respectful privacy, set in the most breathtaking getaways.”
With ten years of experience and a strong team in place, Jake’s company is poised to continue growing and setting themselves apart with their unique offerings.
Reduce Debt Service Payments
In order to keep expanding their business, Jake and his team had previously taken on expensive debt. When they found Nectar, they realized that a Nectar advance could help them pay off their existing cash flow facilities and greatly improve cash flow.
A Cash Flow Advance from Nectar
With a $577,356 advance on their existing cash flow, they paid off their existing debt facilities and reduced their total debt service payments in the process. This consolidation freed up cash flow that they can now put toward working capital and launching new properties.