Earn predictable 12-18% yields, backed by low-leverage, cash-flowing real estate.

Nectar allows you to own a diversified pool of mezzanine debt and preferred equity to top-performing real estate operators with low leverage, cash flowing properties.

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OUR INVESTMENTS
Open for Investment
closed deal
Nectar Fund 2
Open Ended Fund
56%*
CLTV
2.28x*
Nectar Coverage Ratio
TARGET YIELD*
12%*
Term:
3 Years
Deal Notes:
Nectar Fund 2 automatically invests in a diversified pool of Nectar Notes. Earn 12% a year, with strong downside protection through diversification. *Average, last updated December 31, 2023
Representative Investment
closed deal
Columbus, OH
Class B Multifamily
47%
CLTV
1.96x
Nectar Coverage Ratio
TARGET YIELD*
13-18%
Term:
36 Months
Deal Notes:
119 Units. At a 5.5% cap rate the property is valued at $11.0MM, resulting in a 47% LTV (without Nectar). Sponsor is using funds on an office to multifamily conversion project.
Representative Investment
closed deal
Dallas, TX
Class A- Multifamily
59%
CLTV
3.31x
Nectar Coverage Ratio
TARGET YIELD*
13-18%
Term:
58 Months
Deal Notes:
140 units, built in 2015. At a 5.0% cap rate the property is valued at $26.0MM. Sponsor is using funds on an office to multifamily conversion project.
Representative Investment
closed deal
Galveston, TX
Short Term Rental Portfolio
57%
CLTV
1.57x
Nectar Coverage Ratio
TARGET YIELD*
13-18%
Term:
16 Months
Deal Notes:
138 unit short term rental portfolio property on the Gulf Shore of Texas owned and operated by the Sponsor entity. Sponsor used funds for working capital and small rehab projects at various properties.
Representative Investment
closed deal
Jacksonville, FL
12 Unit Multifamily
55%
CLTV
2.76x
Nectar Coverage Ratio
TARGET YIELD*
13-18%
Term:
60 Months
Deal Notes:
Strong track record and stabilized rentals. The owner and operator of this property also has about $60m AUM of single family homes and small multifamily in the Jacksonville, Florida market.
Representative Investment
closed deal
New York City, NY
10 Unit Multifamily
75%
CLTV
2.62x
Nectar Coverage Ratio
TARGET YIELD*
13-18%
Term:
36 Months
Deal Notes:
Property was acquired in 2020 and stabilized in 2021. Sponsor has 20+ year experience owning and managing over 500 units in New York City.
FUND DETAILS

Earn predictable high yields, backed by low-leverage real estate.

  • 12-18% annual yield
  • $100K minimum
  • Reinvestment option
  • 100% passive income
  • No management fees
  • 3-4.5% quarterly distributions
  • 401(k) + IRA investment options
  • Strong downside protection
  • Preferred returns for investors
  • Open to accredited investors
HOW WE compare

Nectar vs. Bridge Debt vs. Equity

Ways to invest

Invest passively in the way that works for you.

Nectar Fund

Own a piece of all of our notes and receive a quarterly distribution.

Nectar Notes

Invest directly into the notes of your choice to earn a higher yield and match your specific goals.

INVESTOR Resources

Frequently Asked Questions

Investing with Nectar

What types of assets does Nectar invest in?

We primarily focus on stabilized multifamily. We will also do low leverage deals in stabilized single family, self storage, hospitality, and retail.

What are common use cases for Nectar?

Our capital would typically be considered “working capital”. However, it can be used in a variety of ways, as long as it is a business use case. Common use cases we see:
- Minor to moderate renovations and upgrades
- Pursuit costs for acquisition opportunities
- Purchasing rate caps
- Replacing LP equity on an acquisition

What type of borrower would pay such a steep interest rate to Nectar? Are they desperate?

Our sponsors are experienced real estate owners and operators. They are paying us an objectively high rate because we are providing them a very valuable service: access to fast, flexible capital. We get them the liquidity they need without them having to spend months raising from LPs, doing a capital call, or refinancing their entire senior loan (which is typically more expensive than getting funding from Nectar).

Is LTV based off a lenders appraisal?

Sometimes. Some properties were financed years ago, for example, a deal with a mortgage in 2016, that appraisal wasn’t as relevant so we used an AVM valuation model. We always request a 3rd party appraisal if there is one.

Is the coverage ratio metrics you use after the mortgage payment or before? Do you underwrite off debt yield?

The Cash Flow Coverage Ratio is AFTER mortgage, so free cashflow business is making after it pays EVERYthing, including mortgage.

Are you staying away from projects with floating rate loans (or at least must have rate cap purchased)?

We will stay away from them or look at max rate or max payment and that’s what we are underwriting. We don’t know what rates will do, but higher for longer is what our focus is.

Are properties re-appraised during term?

We have a 3rd party appraiser that does provide and re-appraise. There’s one we use for SFR and one for MF. They generate an AVM and we find for anything older than 2 or 3 years they are re-appraised.

Do you cross collateralize / cross default sponsors properties? Are loans full recourse to warm bodies?

Every financing is full recourse to the managing sponsor. We do not cross collateralize properties in separate entities. We attach to an entity, underwrite that entity, guarantee from that entity. We connect to a human person and the entity that owns the property, and we don’t cross collateralize.

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