This episode dives into a new era of CRE financing powered by technology with Derrick Barker, Co-founder and CEO of Nectar.
The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.
This episode of The Crexi Podcast features host Yannis Papadakis in conversation with Derrick as he shares his incredible journey from acquiring properties in his dorm room at Harvard to managing a $500 million real estate portfolio. He provides insights into the foundational lessons from his career, emphasizes the importance of mentorship, and discusses the evolution of his financing solutions for commercial real estate projects.
Derrick also elaborates on how Nectar helps developers with innovative mezzanine debt and preferred equity solutions, the impact of technology and AI on real estate financing, and his strategic outlook for the commercial real estate market.
- Introductions
- Meet Derrick Barker: From Harvard to Real Estate Mogul
- Derrick’s Early Real Estate Ventures
- Mentorship and Early Lessons
- Key Learnings in Real Estate
- The Birth of Nectar
- Nectar's Mission and Future Goals
- Current State of Commercial Real Estate
- Advice for Investors and Operators
- Rapid Fire Questions and Closing Remarks
About Derrick Barker:Derrick Barker is the co-founder and CEO of Nectar, a fintech company focused on innovative financing solutions for commercial and multifamily real estate investors. His journey in real estate began during his time at Harvard, where he started acquiring properties from his dorm room. Following graduation, Derrick joined Goldman Sachs as a bond trader but continued to expand his real estate portfolio, primarily focused on affordable housing in Atlanta, his hometown.
After three years at Goldman and building a portfolio of 500 units, Derrick returned to Atlanta to focus full-time on real estate, eventually growing his assets to over 4,700 units, valued at $500 million. His work included revitalizing distressed neighborhoods by renovating affordable housing complexes, creating thousands of units and enhancing community stability.
In 2021, Derrick co-founded Nectar with his wife, Brittany Mosely, also a real estate investor, to help other developers who own stabilized properties to access liquidity in the form of flexible capital without having to completely refinance their senior debt. Through small balance mezzanine debt and preferred equity solutions, Nectar supports multifamily projects across the U.S., enabling developers to expand quickly while delivering stable, risk-adjusted returns for investors.
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