GLM 5.2 Independent Web Deck
Nectar Fund 2
The Liquidity Bridge
Preferred equity and structured debt for proven real estate operators. Capital deployed in 7–10 days.
$50M+ Deployed
150+ Transactions
45 Markets
100% On-Time Distributions
The Problem
The Liquidity Gap
45–60+
Days for traditional bank financing
Proven operators lose time-sensitive opportunities waiting for bank approvals, appraisals, and committee reviews. Deals stall. Sellers walk.
- ▸ Rate locks expire during underwriting
- ▸ Equity commitments lapse
- ▸ Sellers favor faster, certain closings
- ▸ Operators lose credibility and momentum
- ▸ Refinancing windows narrow
The Solution
The Liquidity Bridge
7–10 Days
Nectar Fund 2 deployment
Structure: Preferred equity & structured debt subordinate only to fixed-rate debt. Borrower equity in first-loss position.
Security: Recourse, escrow, UCC-1 filings, springing liens, POA.
Terms: 18-month avg deal. Quarterly cash distributions.
Security: Recourse, escrow, UCC-1 filings, springing liens, POA.
Terms: 18-month avg deal. Quarterly cash distributions.
Class A
13%
Annual Coupon
$500K Min
Class B
11%
Annual Coupon
$100K Min
Underwriting Discipline
Avg Combined LTV64.7%
DSCR1.37x
Rent Growth Underwriting0%
Verified Proof Metrics
$50M+
Deployed
150+
Transactions
45
Markets
100%
On-Time Distributions
64.7%
Avg Combined LTV
1.37x
DSCR
Underwriting Standards
- 0% rent growth underwriting
- Borrower equity first-loss position
- Subordinate only to fixed-rate debt
Security Package
- Recourse provisions
- Escrow requirements
- UCC-1 filings
- Springing liens
- Power of Attorney
Investment Terms
Class A
Premium
Minimum Investment
$500,000
Annual Coupon
13%
Distributions
Quarterly
Average Deal
18 months
Class B
Accessible
Minimum Investment
$100,000
Annual Coupon
11%
Distributions
Quarterly
Average Deal
18 months