Average combined LTV
64.7%
Across the underlying portfolio.
Nectar Fund 2 · Private Credit
Invest where the equity gap is underwritten.
A measured allocation to structured investments in proven multifamily operators with cash-flowing portfolios.
Preferred equity and structured debt for accredited investors.
The opportunity
Strong assets. Time-bound capital needs.
Proven operators can be asset rich and cash poor. Nectar Fund 2 provides short-term capital secured by equity in cash-flowing portfolios, with a portfolio approach across structured investments.
Average underlying deal term: 18 months.
The structure
Capital placed inside a measured interval.
Nectar occupies the equity gap through preferred equity and structured debt. The surrounding stack remains explicit: borrower equity first-loss, with Nectar subordinate only to fixed-rate debt.
Nectar Fund 2
Fixed-rate debt
Borrower equity first-loss
01
Preferred equity
Structured investments in multifamily operators with defined capital needs and cash-flowing portfolios.
02
Structured debt
Short-term capital underwritten to 0% rent growth, with an average combined LTV of 64.7% and average DSCR of 1.37x.
03
Documented remedies
UCC-1 filings, springing liens, power of attorney to sell assets upon default, and escrowed principal and interest at closing.
Underwriting at a glance
Evidence before adjectives.
The fund’s approach is expressed through measurable portfolio and transaction parameters.
Average DSCR
1.37x
Debt service coverage across underlying investments.
Rent-growth underwriting
0%
Underwritten to 0% rent growth.
Average deal size
$378k
Across more than 150 transactions.
Fund terms
Choose the class that fits your allocation.
ClassAnnual couponMinimum
A13%
annual coupon$500k
annual coupon$500k
B11%
annual coupon$100k
annual coupon$100k
Quarterly cash distributionsDistributions are made quarterly.
12-quarter lock-upQuarterly liquidity follows the lock-up period.
K-1 reporting · IRA eligibleDelaware LLC managed by RE Nectar, Inc.
K-1 reporting · IRA eligibleTax reporting is via K-1; IRA eligibility is available.
Portfolio construction
Built across operators, markets, and transactions.
Nectar Fund 2 provides diversified exposure to structured investments in multifamily operators. The portfolio spans 45 markets across 29 states, with a maximum single-market exposure of 15%.
More than $50 million deployed across more than 150 transactions and 45 markets since the company was founded in 2021.
Portfolio snapshot
74.6%
Multifamily allocation.
BalanceHospitality · SFR · Mixed-use
Markets45 across 29 states
Single-market maximum15%
The operating platform
Real-estate experience, institutional infrastructure.
Derrick Barker
CEO and co-founder. Former Goldman Sachs structured-products trader; built, operated, and exited a $150 million multifamily portfolio. Harvard College.
Brittany Mosely
COO and co-founder. Owned and operated a 30+ property portfolio; commercial-real-estate operations expert. Harvard College.
Infrastructure
HLB Gross Collins auditor · NAV Consulting fund administrator · Nelson Mullins legal counsel · Concord backup servicer · Institutional credit facility in place.
Continue the evaluation
Start with the structure. Continue at your pace.
Discuss portfolio construction, remedies, liquidity, tax reporting, and class selection with the Nectar team.