Nectar unlocks liquidity from your existing portfolio — without refinancing, without LP dilution, and without touching your senior debt structure.
When your sponsor clients need liquidity but a full refinance doesn't pencil, Nectar fills the gap. We provide preferred equity that sits behind the existing senior debt — giving your client access to working capital without disturbing the capital stack they've built.
Nectar's capital sits behind the existing senior debt. Your sponsor client keeps their current loan in place — no defeasance, no prepayment penalty, no reset of the senior debt terms.
Nectar acts as a passive, non-voting financial partner. The sponsor continues to manage the asset and retains 100% of the GP upside above Nectar's preferred return.
With complete documentation in hand, Nectar can fund in as little as 7 days — a meaningful advantage when your client is facing a rate cap deadline, acquisition window, or bridge need.
Minor to moderate capital improvements that drive NOI growth without triggering a refinance event.
Cover earnest money, due diligence, and pursuit costs while keeping the acquisition timeline moving.
Meet lender-required rate cap obligations without drawing down reserves or seeking LP capital.
Replace LP equity on an acquisition or recap, allowing the sponsor to retain more of the deal.
Unlock capital from a stabilized asset to fund pursuit of additional acquisitions without selling.
Maintain operational flexibility at the entity or property level without tapping the senior line.
Use these criteria to pre-qualify a deal before reaching out to our originations team.
Nectar works with proven, experienced multifamily sponsors who have demonstrated track records and stabilized, cash-flowing portfolios.
Most Nectar sponsors own and operate between $25M and $500M in multifamily assets. They have been in the business for a decade or more, maintain low leverage across their portfolios (averaging around 60% LTV), and generate consistent cash flow from their properties.
These are not developers or value-add buyers in mid-execution. Nectar's capital is designed for experienced, operating sponsors who need liquidity from their stabilized holdings — not a new loan to build something.
A sample of recently funded deals illustrating how Nectar's capital is deployed across the multifamily landscape.
Lexington, SC
Oxford, MS
Northern New Jersey
Nectar conducts a thorough review of the sponsor, the property, and the portfolio. Here's what the underwriting process involves.
Direct bank account and accounting integrations. Nectar analyzes T12 P&L, balance sheet, and current rent roll through primary source documents.
Review of primary source documents including existing debt statements, current appraisals, and senior loan agreements.
In-depth sponsor interview, background and credit checks, and full review of portfolio schedule and operating history.
Occupancy trends, local rental rates, and regulatory risk analysis for the subject market and submarket.
Submit the deal through our deal portal. Our team reviews within 24 hours and confirms fit.
Sponsor provides required documentation including P&L, rent roll, debt statements, and entity docs.
Nectar underwrites the deal and presents a term sheet. Most term sheets are issued within 48–72 hours of complete documentation.
Agreements are executed and capital is deployed. With all docs received, funding can occur in as little as 7 days.
Gathering these documents in advance ensures the fastest possible review and close timeline.
Nectar focuses exclusively on stabilized multifamily properties. This is not a product designed for development, heavy value-add, or commercial asset classes outside of multifamily.
Nectar's capital is best described as working capital for experienced multifamily sponsors. Common use cases include: minor to moderate property renovations and upgrades, pursuit costs for acquisition opportunities, purchasing rate caps required by the senior lender, replacing LP equity on an acquisition, and general portfolio-level liquidity needs.
Nectar works with proven real estate investors. The typical sponsor has over 10 years of experience owning and operating cash-flowing multifamily assets, with a total portfolio AUM of $25M–$500M. These sponsors maintain low leverage across their portfolios — the average LTV across the Nectar portfolio is approximately 60%.
Nectar conducts a thorough review of the sponsor entity, portfolio, and deal. This includes:
With complete documentation in hand, Nectar can fund in as little as 7 business days. The typical bottleneck is documentation collection. Once all required documents have been received and verified, the process moves quickly. Deals can close in as few as 7 days from a complete documentation package.
No. Nectar operates as a passive, non-voting financial partner. The sponsor retains full operational and managerial control of the asset. Nectar's position is structured to preserve the sponsor's ability to manage and execute their business plan without interference.
Connect directly with our originations specialists. They can help pre-qualify a deal, answer structure questions, and guide you through the documentation process.
Submit your deal to our originations team and get a response within 24 hours. Nectar reviews every submission and provides clear, fast feedback on fit and terms.