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Note Sale

Pool of Performing 2nd Position Notes

Performing Notes | 15% yield | Low Leverage, Stabilized Properties

Listing Contacts

Active

Asking Price:Unpriced

Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.

Address 

123 1st St, Miami Beach, FL 33139

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Date Added
Feb 6, 2024
Days on Market
499 days
Time Since Last Update
77 days

Loan Details

Loan StatusPerforming
Maturity Date04/15/2027
Remaining Term1 year, 9 months
Lien PositionSecond
Next Payment Due Date02/21/2024
Current Note Rate15.00%
Note Rate TypeFixed
Number of Loans91
Weighted Avg Coupon15.00%
Weighted Avg LTV56.00%
Weighted Avg Debt Service2.50
Weighted Avg Maturity Date04/15/2027
Weighted Avg Origination Date07/01/2023

Collateral Details

Property TypeHospitality, Multifamily, Note/Loan, Self Storage
SubtypeApartment Building, Hotel, Single Family Rental Portfolio
Investment TypeStabilized
Investment Sub TypePool of Notes
Units5000
IntelligenceINTELLIGENCE
Explore more in-depth Comp & Record details for this property. Explore

Marketing Description

Pool of performing 2nd position notes backed by stabilized, cash flowing properties with an average of 56% leverage and 2.4x cash flow coverage.​

Nectar provides working capital advances to the top real estate investors across the U.​S.​ based on their stabilized cash flow.​

We provide accredited investors the opportunity to invest in a diversified pool of these advances.​ They earn a high yield with stability and predictability.​

Investors have two options to invest

  1. Invest in the Unlevered Fund as a preferred member to earn 12% a year.​ The fund owns a piece of each note.​

  2. Co-Invest directly in the Notes to earn 13-18% IRR.​

**If interested, request more information or schedule a call directly with our team: https://calendly.​com/walker-nectar/nectar-investments-intro-call

Diligence materials will be provided after an initial call and signed NDA.​

FUND TERMS

Capital Stack Placement: Highest

Quarterly Distribution: 3% / Cash

Membership Eligibility: Accredited Investors

Offering: Security Exempt from Registration under Regulation D Offering made only by Private Placement Memorandum.​

Form Factor: Membership Interest in a Limited Liability Company

Term: Perpetual

Lock Up: 12 calendar quarters

Liquidity: Following 12 calendar quarters, quarterly with one quarters notice

Objective: Income

Reinvestment Available: Yes

Minimum Investment: $100,000

Common Member: RE Nectar, Inc.​

Management Fee: None

Incentive Compensation: None

Carried Interest: None

Leverage Utilized: None

Counsel: Nelson Mullins Riley & Scarborough LLP (Atlanta Office)

CPA Auditor: CBIZ MHM, LLC (Kansas City Office)

Record Keeper: NAV Consulting (Oakbrook Terrace, IL)

Investment Highlights

Investors earn a predictable 12% yield in the fund, or 15%+ on co-investments for performing notes backed by low leverage, cash flowing assets.

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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