Nectar Fund 2 · Private credit for multifamily
You know how lenders evaluate structure, collateral, and recourse. Nectar Fund 2 invests through preferred equity and structured debt for proven multifamily operators, secured by equity in cash-flowing portfolios.
Why operators come to us
Operators typically need $500,000 to $5 million. Banks may take 45–60+ days; Nectar funds in 7–10 days. Average underlying deal duration is 18 months.
Bank financing
45–60+ days
Typical bank timing cited in the source materials.
Nectar
7–10 days
Typical Nectar funding timing cited in the source materials.
The credit file
Preferred equity and structured debt are evaluated through documented transaction controls, line by line.
Borrower equity sits below our position and takes the first loss.
In-place cash flow covers obligations — underwritten at 0% rent growth.
Nectar is subordinate only to fixed-rate debt.
Typical sponsor net worth associated with full recourse.
Three or more months of payments reserved at closing.
UCC-1 filings, springing liens, and power of attorney to sell assets upon default.
Track record
Capital deployed
Transactions completed
Markets
On-time distributions
Term sheet
Class structure, distribution cadence, liquidity, tax reporting, and eligibility.
| Class A | 13% annual coupon · $500,000 minimum |
| Class B | 11% annual coupon · $100,000 minimum |
| Distributions | Quarterly, paid in cash |
| Average deal duration | 18 months |
| Liquidity | 12-quarter lock-up, then quarterly |
| Tax reporting | Schedule K-1 · IRA eligible |
| Structure | Delaware LLC managed by RE Nectar, Inc. |