Nectar Fund 2 · Private Credit for Multifamily

You know the borrower's side.
Evaluate the lender's seat.

Preferred equity and structured debt for proven multifamily operators — positions secured by equity in cash-flowing portfolios, presented the way a lender reads them: as a credit file, not a pitch.

The Strategy

One documented timing gap.

Bank Financing

45–60+ days

Typical bank timing cited in the source materials

Nectar

7–10 days

Typical funding timing cited in the source materials

Nectar Fund 2 uses preferred equity and structured debt secured by equity in cash-flowing portfolios. Class A offers a 13% annual coupon; Class B offers an 11% annual coupon. Average underlying deal term is 18 months.

Transaction Controls

Read the structure line by line.

Leverage64.7% average combined loan-to-value — borrower equity takes the first loss
Coverage1.37x debt-service coverage, underwritten at 0% rent growth
RecourseFull sponsor recourse — $50M+ typical sponsor net worth
Reserves3+ months of principal and interest held in escrow at closing
EnforcementUCC-1 filings, springing liens, power of attorney to sell assets upon default

Track Record

Evidence across transactions and markets.

$50M+

Capital deployed

150+

Transactions completed

45

Markets nationwide

100%

On-time distributions

K-1 reporting · IRA eligible · Delaware LLC managed by RE Nectar, Inc.

The Terms

Two investment classes.

Class A13% annual coupon · $500k minimum
Class B11% annual coupon · $100k minimum
DistributionsQuarterly cash distributions
Liquidity12-quarter lock-up, then quarterly liquidity
ReportingK-1 · IRA eligible
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