Borrower equity first-loss
Operator equity sits first-loss ahead of Fund 2 exposure.
Nectar Fund 2
Asset rich. Liquidity late.
Short-term capital to proven multifamily operators who are asset rich and cash poor—secured by equity in cash-flowing portfolios.
Banks: 45–60+ days
Nectar: 7–10 days
Avg deal term: 18 months
How the capital works
The liquidity lag inside cash-flowing ownership
Operators with proven multifamily portfolios still hit cash walls when they need $500,000 to $5 million. Equity is on the books; liquidity is not.
Nectar Fund 2 builds a diversified portfolio of structured investments in multifamily operators using preferred equity and structured debt. Exposure is secured by equity in cash-flowing portfolios—not long-duration private equity, not bank debt.
Structure: Delaware LLC managed by RE Nectar, Inc. K-1 reporting and IRA eligible.
Investor terms
Coupons, minimums, and liquidity—stated plainly
Annual coupons are stated as coupons. Quarterly cash distributions. Fund liquidity after a defined lock-up.
| Term | Class A | Class B |
|---|---|---|
| Annual coupon | 13% | 11% |
| Minimum | $500,000 | $100,000 |
| Cash distributions | Quarterly | |
| Average underlying deal term | 18 months | |
| Fund liquidity | 12-quarter lock-up, then quarterly liquidity | |
| Tax reporting | K-1 | |
| IRA eligible | Yes | |
| Offering | Delaware LLC managed by RE Nectar, Inc. | |
Strategy: diversified preferred equity and structured debt to multifamily operators. Subordinate only to fixed-rate debt.
Underwriting & protections
A protection stack you can inspect
Metrics and mechanisms from the portfolio—ordered for credit review, not marketing theater.
~65%
Average combined LTV
1.37x
Average DSCR
0%
Rent growth underwriting
Fixed-rate
Fixed-rate debt above Nectar
Full personal sponsor recourse
Sponsors with $50 million+ typical net worth stand behind the obligations.
P&I escrow at closing
Three or more months of principal and interest held in escrow at closing.
Default rights stack
UCC-1 filings, springing liens, and power of attorney to sell assets upon default.
Portfolio discipline
Track record signals, not slogans
Founded in 2021.
100%
On-time distributions
$50M+
Capital deployed
150+
Transactions
45
Markets across 29 states
15%
Maximum single-market exposure
74.6%
Multifamily; balance hospitality, SFR, mixed-use
$378k
Average deal size across 150+ transactions
3.7M
Unit national housing deficit (structural context)
18 mo
Average underlying deal term
Demand backdrop: a 3.7 million-unit national housing deficit. Context for the multifamily operating environment—not a return claim.
Stewardship
Operators who underwrite like operators
Leadership that has structured products experience and owned real estate at portfolio scale.
CEO & Co-Founder
Derrick Barker
Former Goldman Sachs structured-products trader. Built, operated, and exited a $150 million multifamily portfolio—about $450 million total volume. Harvard College.
COO & Co-Founder
Brittany Mosely
Owned and operated a 30+ property portfolio. Commercial real estate operations expert. Harvard College.
Infrastructure
- HLB Gross Collins — auditor; three years of entity audits
- NAV Consulting — fund administrator
- Nelson Mullins — legal counsel
- Concord — backup servicer
- Institutional credit facility in place
- RE Nectar, Inc. — manager of the Delaware LLC
Next step
Underwrite the structure. Choose your path.
For accredited investors evaluating short-duration, equity-secured capital to multifamily operators—start a diligence conversation or invest online.