Phoenix Performing Note Pool 15% YIELD

**NOTE - the address listed above is our company office.​ This address is NOT included in the collateral of this loan pool.​ Please execute the CA to access more information.​**

Nectar is pleased to present the 15% Yield Performing Low LTV 2nd Position Notes.​ 

STRUCTURE & SECURITY

The pool consists of 16 second position financings: 11 cash flow assignments (mezzanine debt) and 5 preferred equity investments.​ All notes are paid off prior to the maturity date of the senior mortgage.​ 12 of the 16 notes are fully amortizing, the other 4 are at least 50% amortizing.​ Remaining term ranges from 28-56 months.​

Both structures are senior to common equity, and junior to a first mortgage.​ All financings have a Personal Guaranty with the deal sponsor, and either a UCC Lien on the Property Owning Entity (cash flow assignment) or a Preferred Equity position with the right to sell the asset after sixty days with no distributions.​

All executed contracts (redacted) are available in Tier 1 Diligence.​

ASSET TYPES

10 Multifamily

4 Hotel (single property, with 4 parcels each owned in separate entities)

1 Self Storage

1 Single Family Portfolio
 

MARKETS

There are eight states represented in this pool: Texas, Ohio, New Hampshire, New York, Florida, Arizona, Indiana, and Hawaii.​ The full list of addresses will be provided in Tier 2 Diligence.​
 

SALE PROCESS

1. ​

   Please execute the confidentiality agreement to access Tier 1 data.​

2. ​

   Prospective buyers will be required to have an introductory call and submit proof of funds to access the Tier 2 Due Diligence Vault.​ The Tier 2 Diligence vault will be sent via DocSend link.​ 

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     In order to preserve confidentiality and to limit access to sensitive information, the Buyer will be required to do two things:

     1. ​

        Complete an introductory phone call with the Seller.​ You can call Walker at 678-983-8936 or schedule the call here: https://calendly.​com/walker-nectar/nectar-xchange-loans-introductory-call

     2. ​

        Proof of funds and buyer confirmation.​

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          Proof of Funds may include: bank statements, bank references, publicly available financial statements (i.​e.​ SEC filings or Call Reports), or audited financial statements.​ See more details below.​

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          Buyer Confirmation includes:

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            Buyer name

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            Buyer address

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            Managing member/general partner name, address and date of birth

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            OFAC search required for winning bidder(s) only

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          If you have any questions, please contact us to expedite the process:

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            PHONE - 678-983-8936

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            EMAIL - investors@usenectar.​com

3. ​

   We are offering participation (co-investment) in this portfolio at a 15% yield (based on IRR).​ Buyers may participate in the entire pool or select specific notes out of the pool.​ Minimum investment is $500,000.​

4. ​

   Indicative bids are due by Wednesday, March 13, 2024.​

5. ​

   After reviewing the indicative bids, we will respond to bidders accordingly and negotiate toward a definitive, binding agreement.​ Bids will be evaluated based on the following:

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     Purchase Price – groups bidding at or above our asking price will be given preference.​

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     Timing – we will give preference to groups who can close prior to the advertised close date of March 29, 2024.​

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     Certainty of Execution – we will give preference to groups who act quickly, put money into escrow, and have a track record of executing similar investments.​

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     Investment Size – while the minimum investment is $500,000, we will give preference to groups who want to take the full co-investment allocation or a higher portion of it.​

6. ​

   Winning bidders must be prepared to execute a purchase agreement and post a 2% non-refundable deposit within 24 hours of the final bid due date.​

DUE DILIGENCE

The following items are included in due diligence.​ Diligence materials will be made available only after you complete the CA and complete an introductory phone call with our team.​
 

Tier 1

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  Loan Tape

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  Deal One Pagers (in the loan tape)

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  Template Assignment Agreement: this is the agreement we use to transact with you on each individual note.​
   

Tier 2

We will provide the following after receiving proof of funds.​

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  Investment Memo

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  Executed Contract

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  Entity Documents

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    Operating Agreement

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    Articles of Incorporation

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    EIN Letter

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    Org Chart (when necessary)

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  Property Documents

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    Most Recent Appraisal

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    Insurance Policy

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    Most Recent Real Estate Tax Bill

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    Required Permits or Licenses to Operate Property (if applicable)

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    HOA Covenants and Bylaws (if applicable)

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  Mortgage / Senior Loans

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    Most Recent Mortgage Statement

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    Loan Closing Documents for Existing Loans

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  Sponsor Documents / Background Check

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    Sponsor Background Check

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    Entity Clear Search

Investment Highlights

We’re pleased to offer this participation opportunity that provides strong risk adjusted returns.​

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  Properties have low LTV and high cash flows.​

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  Sponsors are all proven real estate investors and operators with strong track records.​

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  Attractive yields on performing notes.​

Finally, you do not need to take down the entire pool in order to participation.​ The minimum participation amount is $500,000.​

We’re pleased to offer this participation opportunity that provides strong risk adjusted returns.

• ​

  Properties have low LTV and high cash flows.
  

• ​

  Sponsors are all proven real estate investors and operators with strong track records.
  

• ​

  Attractive yields on performing notes.
  

Finally, you do not need to purchase the entire pool of notes in order to participate in the 15% yields and monthly cash flow that these notes provide.

Compare this investment with the 56-month income that you might find with a outright real estate purchase and you can quickly see that a 15% yield from a performing note beats nearly all of the cash-on-cash returns that you might find listed on the market currently with far less effort.

The minimum participation amount is $500,000.