LOS ANGELES–(BUSINESS WIRE)–PeerStreet, a marketplace for investing in real estate backed loans, today announced the launch of several product enhancements that further align the product experience with the company’s core values of access, control and transparency. Today’s announcements include updates to the company’s Automated Investing tool, new instant account funding capabilities, a new notifications center and payment schedule, and a more streamlined retirement investing program.
New Automated Investing Features
PeerStreet’s Automated Investing product helps match investors with loans that meet their specific investment criteria. Now investors will be able to access more of the investments they want, with more granular control and specific customization. The Automated Investing allocation system has also been updated to help accommodate increased demand for PeerStreet loans.
“Due to the popularity of Automated Investing, we are rolling out a series of improvements to give investors a better opportunity to get into high-demand offerings,” said Brett Crosby, Co-founder and COO at PeerStreet. “Our new allocation system is designed with our customers top of mind, ensuring that more people get access to investments that are frequently oversubscribed on the platform.”
The second major update helps investors put funds to work immediately after initiating a bank transfer. Instead of waiting three business days for a bank transfer to clear, PeerStreet investors will now be able to instantly use funds after initiating a transfer.
“With the launch of instant funding, investors can see an investment they want and get in without having to wait three days for the bank to transfer their funds,” said Brew Johnson, Co-founder and CEO at PeerStreet. “We want to make the investing experience as seamless as possible and this is a big step forward in removing friction from the process.”
New Notifications Center and Distribution Schedule
PeerStreet also launched a more robust notifications center on its investment dashboard to give investors more transparency into the status of specific loans and payments. In an effort to further streamline the payment process, the company also launched a new payment schedule so investors can better anticipate timing for regularly scheduled distributions.
Streamlined Retirement Investing
The company has seen significant new interest from investors seeking to migrate retirement funds to PeerStreet due to the associated tax benefits. So PeerStreet has made the process of investing through a self-directed IRA (SD IRA) much faster and easier.
PeerStreet is a marketplace lending platform for real estate debt. Founded by real estate attorney, Brew Johnson and former Google executive, Brett Crosby, PeerStreet allows investors to easily invest in high-yield real estate loans that were historically difficult to access. PeerStreet’s platform is secure and intuitive with an easy-to-use interface and a wealth of information and tools for every level of investor.
Jacqueline Gogel, +1 917-765-8720
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