Derrick Barker

Real Estate Entrepreneur Supporter | Passive Income Warrior

[Derrick Barker @Dbark17]

Huge congrats to my friend, classmate and fintech mastermind @RSerna2010!! Looking forward to seeing where @finix goes from here!!!

[Richie Serna @RSerna2010]

Today @finix is excited to announce we’ve raised $75M in Series C funding led by @AcrewCapital, co-led by @lightspeedvp and @leappartners.

When we started Finix, we were big believers in the developer movement. We still are! Since then, we’ve recognized that there’s been a major shift in the market. Even businesses that have developers don’t want to spend their time or resources on payments — they want highly brandable and configurable payment components. From startups to publicly traded companies, merchants to vertical SaaS companies, customers of all sizes are taking advantage of Finix’s no-code solutions. Today, every feature in Finix's broad product suite is now available in no-code, low-code and API-driven solutions.

If Adyen is for the enterprise, Square is for card present SMBs, Stripe is for the developer-centric startup, Finix is for the 22M businesses without enough developers.

Read more here: https://t.co/JBaxHRusIV

[Derrick Barker @Dbark17]

@Rothmus @STLweber WWII didn’t the US force Germany into compliance?

[Derrick Barker @Dbark17]

@walkerskaar @usenectar Now is a great time to be in low leveraged, stabilized properties!

[Derrick Barker @Dbark17]

@usenectar fund is still batting 100% on making full distributions! The benefit of investing in low leverage, cash flowing assets!!

[Walker Skaar @walkerskaar]

At a time when many GPs are pausing distributions, we just made our full distribution for the 9th straight quarter. 3% every quarter. 12% annually.

LPs: please consider investing in our fund at @usenectar

DMs are open

*506(c) fund. Not a guarantee of performance.

[Brandon Roth | Capital Markets @ IPA @RothCRE]

I spoke to @walkerskaar yesterday. He works for a small balance mezz/pref investor called Nectar.

They’re looking to fund $100K-$2M checks secured by a mezz/pref position in stabilized cash flowing assets. The thought being that they’re providing quick liquidity (closing in 5-7 days) to real estate owners that may need the capital for other acquisitions, refi's, or smaller rehabs.

They can go larger than $2M, but it would take 30-45 days instead of 5-7 days.

One thought that comes to mind where this may be particularly useful is a scenario where an owner has an over-levered property with an upcoming maturity that's going to require a paydown to close a loan modification/extension. If they also have another property in their portfolio that's under-levered with strong cash flow, they could potentially use Nectar's program to pull out up to $2M of cash to help fix the problem on the first property.

[Walker Skaar @walkerskaar]

Even the best real estate operators need liquidity right now.

I'm raising a fund at Nectar to provide that liquidity to top operators. We do that through working capital loans and pref equity to real estate entities with low leverage, stabilized properties.

Experienced owners/operators/GPs need capital for things like:

- purchasing rate caps
- small reno/construction/maintenance projects
- pursuit costs (if not now, then soon!)

and tons of other flexible needs.

We've proven out a model at Nectar that allows us to provide this liquidity in a way that mitigates many risks for investors in real estate debt (like hard money funds).

- No refi or balloon payment risk (we are fully amortizing)

- No construction or lease up risk (we only work on stabilized properties)

- Minimized operator risk (require 3+ years experience)

- Minimized asset price volatility risk (portfolio LTV is 47%, our last dollar)

If you are an accredited investor and would like to know more, my DMs are open.

We're also hosting an investor town hall this Wednesday. DM to be added to the invite.

[Derrick Barker @Dbark17]

@walkerskaar That is crazy!

[Walker Skaar @walkerskaar]

The Crowdstreet situation is WILD. They literally released funds to the GP months before closing.

Not escrow. Not toward closing.

Just sent the funds to the GP. And the money just disappeared. So crazy!

[Derrick Barker @Dbark17]

@marioEbrown Are you interested in flexible, cash out financing that you can use without refinancing your existing mortgage??

At Nectar we love deals like this and can provide you liquidity so that you can go get the next one!

[Derrick Barker @Dbark17]

@mpukita @RBReich Blank people are poor because of hundreds of years of spacey followed by economic repression and segregation. Pointing that out isn’t racist.

[Derrick Barker @Dbark17]

@RimaShaun @RandPaul Every Presidential candidate before trump, both Republican and Democrat, did release they’re tax returns…

[Nectar @usenectar]

@Dbark17 joined the @experimentbnb podcast to talk about his real estate journey, and the new solution Nectar offers to investors like himself. Hear the full interview now on YouTube or wherever you listen to podcasts: https://t.co/3s3TNM9qey

[Derrick Barker @Dbark17]

https://t.co/5wZAMqVrsy

[Derrick Barker @Dbark17]

https://t.co/3iW1hjcWDC

[Nectar @usenectar]

Have you registered for Thursday's “Building Your STR Portfolio” webinar with BeachBox, @rabbuhq and Nectar? Reserve your spot today at https://t.co/LxGGeSw9m8.

[Rabbu, Inc. @rabbuhq]

We're excited to be part of an all-star webinar tomorrow! Come hear our CEO, @EmirDukic, chat with @usenectar's CEO, @Dbark17, and a sizable investor in the #STR space about all things building & scaling STR portfolios.

Have you signed up yet? Hope to see you there!

[Derrick Barker @Dbark17]

Great chat with Colin at Revedy and Justin at Proper about regulations and the STR industry! https://t.co/lwyP2cHInf

[Derrick Barker @Dbark17]

No industry only goes up and to the right forever so I imagine that Powell is coming for this industry as well. The performance of STR so far is impressive though and is indicative of a change in the way that people are living their lives and using space.

[Jamie Lane @Jamie_Lane]

The U.S. short-term rental industry has shown no weakness during summer 2022, despite growing inflation and uncertainty in the overall macroeconomic backdrop. August was another record month for short-term rental demand: over 20.7 million nights stayed (+19.8% YOY).

[Nectar @usenectar]

What does it actually mean to sell your cash flow to Nectar? Our CEO @Dbark17 answers this question and more on today's episode of @flippingamerica
Listen now at
https://t.co/E95rz6B3qY