Full Episode Notes

Glenn Bean and Ian Noyes of Sycamore Equity examine a shared-equity housing model designed to bridge the gap between what nonprofit and church staff can afford and local housing costs. Bean and Noyes explain how equity sharing agreements provide 10–30% of a home’s value at closing to reduce mortgage burdens, typically targeting 3–9% IRRs, with capital recycled upon sale or refinance to build a housing endowment-like reserve.

Guests:

Glenn Bean: Co-founder, Sycamore Equity

[email protected] | LinkedIn

Ian Noyes: Co-founder, Sycamore Equity

[email protected] | LinkedIn

Deal Highlights:

They detail a Central Coast California transaction: a pastor family sought to buy a $1.2M home they had been renting, had saved $100k, qualified for a $600k mortgage, and filled a $500k gap through aggregated sources—about $200k in gifts from ~20 congregants to a designated church fund, about $200k from donor-advised funds, and $100k from a self-directed IRA—pooled into an LLC that invested in the shared-equity position. The church (annual budget ~$300k–$350k) raised $500k in about two months, which they say also strengthened congregational confidence and unity.

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Unlike typical investment podcasts with scripted questions and high-level generalities, the Roadshow features in-depth conversations with impact investment fund managers who talk you through the execution of a single deal.

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All opinions expressed by Mark and podcast guests are solely their own opinions and do not reflect the opinion of the firms they represent.

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Impact Investing Roadshow, Mandorla LLC, guests, and Mark King disclaim any and all liability for actions taken as a result of listening to or reading this educational content.

Impact Investing Roadshow wants to transform the way we discuss impact investing.

Unlike typical investment podcasts with rambling interviews and scripted questions, the Roadshow features in-depth conversations with impact investment fund managers, focusing on individual deals.

Inspired by the 'Song Exploder' podcast format, the Roadshow extracts the essence of an impact fund manager's investment thesis, impact mission, and deal execution by drilling deep into a single deal.

Season one will launch in early summer 2025.

Visit ImpactInvestingRoadshow.com to sign up for email notification that Season One is dropping.

I'd also love to connect with you on LinkedIn. You can find me here.

00:00 Introduction to Impact Investing Podcasts

00:17 The Problem with Current Podcasts

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