Once you pledge funds to an investment and the investment closes, your capital will be deployed for the life of the loan. This timeframe could be shorter if the borrower prepays the loans. It could also be longer if the borrower exercises an option to extend the loan, if there is a maturity default, or if any other delinquency/default occurs. The principal and interest payments on the Note issued by PeerStreet are dependent on the performance of the underlying mortgage.
For how long do I have to commit my capital?
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PS Funding, Inc. CA Bureau of Real Estate - Real Estate Broker License No. 01984664; California Finance Lenders License 60DBO-45398
PS Funding, Inc. CA Bureau of Real Estate - Real Estate Broker License No. 01984664; California Finance Lenders License 60DBO-45398