Working capital marketplace Nectar has launched a new and improved website that it says will offer greater flexibility and rapid closing.
Nectar provides liquidity to professional real estate owners and operators in the form of mezzanine financing and allows accredited investors to earn predictable returns, backed by low-leverage, cash-flowing real estate. Key features/benefits of the new website include acces to flexible cash-flow based financing solutions for real estate entrepreneurs and investors within a variety of asset classes (i.e. multi-family, short-term rental or self-storage properties, etc.); closing in as little as seven days for first-time customers and 24 hours for returning customers; equity advances to leverage cash flow to access funds and the Nectar Affiliate Program to build new and stronger relationships.
In 2023, Nectar saw 107% year-over-year (YoY) growth in deals funded and 750% YoY growth in revenue.
“We are thrilled to share that this past year funding requests grew, and so did the amount of funding we were able to provide,” said CEO and Co-founder Derrick Barker. “We look forward to supporting more clients through our new website as they grow their portfolios in 2024.”
Launched in 2023, Nectar’s Affiliate Program opens new doors for debt brokers, loan officers, franchisors, influencers, investors and realtors to provide creative financing options to their clients. Members of Nectar’s Affiliate Program are eligible to earn a commission on referrals that result in a closed deal. Out of the program’s nearly 400 affiliates, the top broker earned over $300,000 throughout the year on deals he secured with Nectar.
