#3 Andy Crebar: Access to CRE syndications built on Blockchain through HoneyBricks

Date recorded: March 10, 2023

In this episode, I sat down with HoneyBricks' CEO, Andy Crebar to learn about how they’re providing accredited investors access to institutional-quality CRE multifamily deals at lower minimums and increased liquidity. HoneyBricks leverages the power of blockchain to help sponsors efficiently raise and manage capital, and by doing so, is able to provide investors access to the market with as little as $1,000.

This isn’t Andy’s first rodeo. He was the co-founder of Sapling, a People Operations platform that manages everything from onboarding, learning, HRIS, and performance, which had a successful exit. Now he’s taking on the world of Commercial Real Estate investing after having some personal success in the space.

We cover A LOT. For me personally, it was great to learn about how they are solving problems in the CRE space using blockchain technology, while also bringing value to retail investors. I urge you to watch the interview through the end as there are a number of hidden educational gems throughout the interview.

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What you can expect in this episode
- Why Andy started HoneyBricks
- What HoneyBricks is all about
- How HoneyBricks is using blockchain to efficiently raise and manage capital for sponsors
- HoneyBricks’ due diligence process and track record
- What investors can expect from the platform
- Thoughts on current CRE market
- Andy’s outlook on CRE
- Andy’s personal investing experience and tips

HoneyBricks Overview

• Access to institutional-quality multifamily CRE investments at lower minimums and increased liquidity
• Leverage blockchain to help sponsors efficiently raise and manage capital
• Minimum Investment: $1,000
• Liquidity: Can sell shares in 6-12 months
• Sponsors: Mid-market sponsors with total value of deal between $10M & $50M
  • Completed 10-20 investments
  • Have had success in the past
  • Have experience in their niche
  • ~1 in 20 deals make it to the platform after the review process
• Return on investments:
  • Expectation: 12%-20% return
  • Exceptional performance: 15%-30% return
• Frequency of payment: Monthly or quarterly
• Only open to accredited investors

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