November 10, 2021

PeerStreet kicks off its E.N.U.F. program with the first cohort of real estate entrepreneurs

LOS ANGELES, Calif.--November 10, 2021PeerStreet, a platform for investing in real estate-backed loans, is introducing the first cohort of entrepreneurs for its Evolving Neighborhood Uplift Fund (E.N.U.F.) program. E.N.U.F. is PeerStreet’s charitable initiative designed to invest in real estate entrepreneurs from underserved backgrounds who are committed to improving their communities and closing the wealth gap using the power of real estate. E.N.U.F. was launched in February of 2021 as a way to equip aspiring entrepreneurs with the tools and capital they need to invest in real estate projects and, in doing so, invest in their communities. 


As part of the E.N.U.F. Mentorship program, the entrepreneurs will have access to mentors, education, and capital to build wealth and improve the neighborhoods and communities where they work and live. Entrepreneurs who have identified a property may apply to the E.N.U.F fund for seed capital in the form of an equity investment. Profits from the E.N.U.F. fund’s investment will be reinvested into the projects of future E.N.U.F. entrepreneurs. 


“Our goal is to teach entrepreneurs how to invest in real estate and raise capital in a repeatable way. We want them to use the E.N.U.F. project to learn the fundamentals of investing, and then go off and do it again and again,” said Brew Johnson, CEO of PeerStreet. “Everyone — the E.N.U.F. entrepreneurs, mentors, and the PeerStreet team — is rallied around the same idea that we can truly make a difference if we enable this cycle of wealth creation through real estate.” 


Introducing the first cohort of E.N.U.F. entrepreneurs:


Charles Robinson: Born and raised in Florida, Charles purchased his first single family property in 2018 and has since purchased a triplex and building in downtown Durham, NC. His goal with E.N.U.F. is to grow his knowledge, expertise, and network in the commercial real estate, multifamily, and mixed-use development space so he can open more doors for Black developers, building wealth for their families and communities.


Kimberlee Williams: A New Jersey native, Kimberlee is a communications and marketing professional who is extremely passionate about ensuring that home ownership is within reach for Black and Brown residents. She hopes to use E.N.U.F. to create shared common area spaces and concepts to attract young talent and college grads to the Essex County area.


Evan Odeseye: Raised by a single mother in Staten Island, Evan still resides there today where he hosts events to give back to his community. From turkey drives and clothing drives to toy drives, he believes in investing back into the community and giving others the opportunities he didn't have growing up. He’s always dreamed of getting involved with real estate, and now, he’s ready to take these ambitions to the next level.


Alicia Jones: Alicia moved from her hometown of Detroit to attend Clark Atlanta University — and 30 years later, has remained in Atlanta ever since. She’s a real estate sales professional with over 20 years of sales, marketing, and luxury retail management experience, specializing in the Atlanta market. Inspired by the “Buy the Block” movement, she hopes to use E.N.U.F. to invest in underserved communities of greater Atlanta.


Ryan Jackson: A husband, father, Christian educator, and leader within his local church in Michigan, Ryan is a self-described real estate “newbie.” But his passion to get more involved in his community has led him to become active in local real estate meetups and complete two real estate projects so far. With E.N.U.F., he wants to invest in underserved neighborhoods in Kalamazoo, MI by providing adequate and quality housing for residents.


Entrepreneurs, community organizations, donors and investors interested in getting involved with the E.N.U.F. project can visit www.peerstreet.com/enuf for more information. To get involved, please reach out to [email protected].


ABOUT PEERSTREET

PeerStreet is a technology platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.

Loans are sourced from vetted private lenders throughout the United States who often have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities—one house at a time. As of March 2021, PeerStreet has had over $4 billion transacted on its platform. PeerStreet was founded in 2014 and is backed by such renowned venture capitalists as Andreeson Horowitz, World Innovation Lab and Thomvest.

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November 2, 2021

PeerStreet Launches a Secondary Marketplace to Increase Liquidity for Investors

New pilot program unlocks liquidity on investments in real estate loans

LOS ANGELES, Calif.-- November 2, 2021-- PeerStreet, an award-winning platform that digitizes fractional investing in real estate loans, today announced PeerStreet’s Secondary Marketplace. This development is an important milestone for the company and the industry, as it will enable investors to sell their existing, fractional positions in loans, increasing liquidity and flexibility in a currently illiquid asset class. 

PeerStreet’s Secondary Marketplace launched today as a pilot program. The ability to sell fractional positions in loans has been one of the primary requests from investors, as this allows them to have more flexibility and adjust their portfolio in alignment with their investment goals.  While this feature is initially focused on select loans, it is a first step in fulfilling a much broader vision of enabling people to trade in and out of real estate debt investments just as they do with stocks.

“This pilot launch feels like a ‘one small step for PeerStreet, one giant leap for the industry’ type of moment,” said Brett Crosby, CCO and co-founder of PeerStreet. “We believe making real estate debt as accessible and easy to trade as stocks will have large ramifications on the industry and open up more avenues for wealth creation for market participants.”

Investments in loans on PeerStreet’s platform are typically 6-36 months in term and, until now, investors have been locked into the investment until the loan is paid off. The firm has seen an increase in customer demand for liquidity and flexibility. This desire was further demonstrated with the launch of PeerStreet Pocket, an alternative to low-yielding banking rates. Pocket has proven very popular with investors in part because it is more liquid than other PeerStreet investment products. 

“This is just the beginning of what this feature can become,” said Brew Johnson, CEO and co-founder of PeerStreet. “If we can build a robust secondary marketplace where investors can buy and sell digital assets tied to real estate loans, it may end up having a significant impact on our entire industry.”

PeerStreet investments are available to accredited PeerStreet investors, with as little as a $1,000 initial deposit. Learn more at www.PeerStreet.com.

ABOUT PEERSTREET

PeerStreet is a technology platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.

Loans are sourced from vetted private lenders throughout the United States who often have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities—one house at a time. As of March 2021, PeerStreet has had over $4 billion transacted on its platform. PeerStreet was founded in 2014 and is backed by such renowned venture capitalists as Andreeson Horowitz, World Innovation Lab and Thomvest.


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April 5, 2021

Applications Now Open for PeerStreet’s Evolving Neighborhood Uplift Fund

Underserved real estate entrepreneurs can apply for mentorship, training and funding through the program.

LOS ANGELES--(BUSINESS WIRE)--PeerStreet, an investment platform that drives wealth creation through real estate, has announced that applications for their E.N.U.F. Mentorship program is now open. The E.N.U.F. project was launched in February 2021 and is now accepting qualified applicants to apply for seed capital and mentorship through the program.

E.N.U.F. is a program designed for real estate entrepreneurs from underserved backgrounds who are committed to improving their communities and closing the wealth gap using the power of real estate. Ideal applicants have the talent, drive and commitment to invest in real estate but face barriers to mentorship and capital. The program created by PeerStreet includes a fund component carried out in partnership with the Tides Foundation, a philanthropic partner and nonprofit accelerator dedicated to building a world of shared prosperity and social justice.

Entrepreneurs who have identified a property may apply to E.N.U.F for seed capital in the form of an equity investment and will receive mentorship and training from industry experts that are passionate about helping others create wealth. Founding mentors include Ashley Flucas, GP of Flucas Ventures; Cheta Ozougwu, Investor at Tidal Loans; Ndukwe Kalu, Managing Member and Head of Operations at Tidal Loans; Jason Lewis, Chief Executive Officer and Founder of Aryming Capital LP; and others.

Ten entrepreneurs will be selected as the first cohort for this program and applications opened on April 1, 2021 and will be accepted on a rolling basis. For entrepreneurs selected to move forward in the application process, interviews will take place in June and July, and accepted applicants will be announced in August.

“We’ve all heard the proverb ‘give a man a fish and he will eat for a day. Teach a man how to fish and you feed him for a lifetime.’ Instead of fishing, we’re focused on real estate,” said Brew Johnson, CEO of PeerStreet. “We want new entrepreneurs to learn the entire investment lifecycle: find deals, analyze numbers, pick comps, secure financing, work with contractors, etc. Our hope is that they can take on real estate projects and replicate success, ultimately building a cycle of wealth creation for small businesses, job creation, and property ownership in the communities they live and work in.”

“The best corporate social programs create lasting change, and the PeerStreet E.N.U.F. program is structured to do that,” said Edward Wang, Director of Corporate Social Impact, at the Tides Foundation. “By ensuring that program participants receive the skills and guidance they need to independently achieve success is so much more valuable than just providing funding alone. We’re excited to see graduates of this program be representative of a diverse group of entrepreneurs making a difference in America’s housing market.”

Real estate entrepreneurs who are interested in applying for the Mentorship program can visit www.peerstreet.com/enuf for more information. For any questions, please reach out to us at [email protected].


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February 10, 2021

PeerStreet Launches Charitable Effort to Invest in Real Estate Entrepreneurs from Underserved Communities

Underserved real estate entrepreneurs will receive funding, training, and mentorship

LOS ANGELES--(BUSINESS WIRE)--PeerStreet, an investment platform that drives wealth creation through real estate, today announced that it is launching a new charitable initiative — The Evolving Neighborhood Uplift Fund or the E.N.U.F. project — to create a more purposeful and sustainable way to invest in real estate entrepreneurs from underserved communities across the country.

The goal of the E.N.U.F. project is simple — to equip aspiring real estate entrepreneurs with the tools and capital they need to invest in real estate projects and, in doing so, invest in their communities. Candidates that are accepted to the E.N.U.F. project will receive mentorship from PeerStreet’s network of real estate experts and, when the E.N.U.F. project participants identify qualifying projects, the capital needed will be funded out of an innovative, charitable giving vehicle, hosted by the Tides Foundation. Profits from the projects made via the charitable giving vehicle will be reinvested into more projects and entrepreneurs. The hope is to create a reinforcing wealth creation cycle for small businesses, job creation and property ownership in underserved communities. Ashley Flucas, General Partner of Flucas Ventures and a founding advisor to the E.N.U.F. project shares the vision for bridging the wealth gap for underserved communities. “I know first-hand that real estate is a powerful economic driver to accomplish this goal and helping others to be able to grow wealth through real estate is very exciting,” said Flucas.

Supporting real estate entrepreneurs has always been a part of the PeerStreet mission. When individuals invest in loans on PeerStreet.com, their capital is distributed through a network of small business lenders to real estate entrepreneurs around the country. Those real estate entrepreneurs use that money to buy properties, fix them up, then rent them out or sell them to homebuyers. PeerStreet investors earn interest on their money, but they also inject money into communities, support small businesses, help create jobs, and provide better housing options to community members. To date, PeerStreet has allocated approximately $4 billion of capital to real estate entrepreneurs around the country.

“In a way, we’ve created a wealth-generating machine,” said Brew Johnson, CEO of PeerStreet. “At the same time, there is a massive wealth gap in America and the numbers are just shocking: the average white family is ten times wealthier than the average black family. To make matters worse, because black families on average have fewer assets, it’s harder for them to access capital to start creating wealth. It’s a negative flywheel. The goal with E.N.U.F. is to reverse that flywheel.”

The E.N.U.F. project will bring together mentors and advisors with different areas of expertise that are passionate about helping others create wealth. Founding mentors include Ashley Flucas, Cheta Ozougwu, Ndukwe Kalu, Jason Lewis and others. When PeerStreet approached Cheta Ozougwu, Head of Originations of Tidal Loans LLC to become a mentor, his passion for the mission was palpable. “With the disparity in resources and knowledge available to black investors, it is truly a blessing that PeerStreet co-founder and CEO Brew Johnson is so passionate about this cause. Tidal Loans shares that passion. Tidal Loans’ main goal in its involvement with E.N.U.F is to be a part of a program that inspires and enables our next generation of black real estate investors,” said Ozougwu.

Entrepreneurs, community organizations, donors and investors interested in getting involved with the E.N.U.F. project can visit www.peerstreet.com/enuf for more information. To get involved please reach out to us at [email protected].

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January 25, 2021

PeerStreet Launches ‘Pocket’ — a New Way for Investors to Earn Interest on Available Cash

LOS ANGELES--(BUSINESS WIRE)--PeerStreet, a platform for investing in real estate backed loans, today announced the launch of PeerStreet Pocket, a new investment product allowing investors to earn more interest on their cash. The waitlist for PeerStreet users opens today, with the first investors expected to get access soon.

PeerStreet Pocket was created in response to investor feedback and requests for an alternative to low-yielding banking rates; it is more liquid than other PeerStreet investment products and not directly tied to any given loan. Pocket offers high-yielding interest and monthly liquidity, all with no minimum balances or fees. “We are thrilled to announce the launch of PeerStreet Pocket, which speaks directly to the needs of our investors who would like to make sure every dollar they have on the PeerStreet platform is working for them,” said Brett Crosby, Chief Customer Officer and Co-Founder of PeerStreet.

Money that is invested in Pocket may be used to warehouse loans before they are sold to investors on the PeerStreet marketplace. Historically, traditional banks and financial institutions have been the source of warehouse capital. Now, through Pocket, accredited investors are able to fulfill this function, further leveling the playing field between Wall Street and Main Street.

“PeerStreet is highly focused on innovation and bringing new products to market that create long-term value for our customers. Pocket is a direct response to our customers' request for a liquid, interest yielding alternative to holding cash. This is the next step in our evolution to providing a holistic investment experience on our platform.” said Jeremy Guttenplan, VP of Product at PeerStreet.

PeerStreet Pocket accounts are available to accredited PeerStreet investors, with as little as a $1,000 initial deposit. Investors are able to withdraw funds from this account once a month, which can then be used to invest in PeerStreet’s individual loans or fund offering. Learn more at www.PeerStreet.com.

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March 10, 2020

PeerStreet Awarded as One of Forbes’ Best Startup Employers 2020

PeerStreet celebrates this recognition as the company continues to grow its team

LOS ANGELES--(BUSINESS WIRE)--PeerStreet, a first of its kind two-sided marketplace for investing in real estate backed loans, is pleased to announce they have been named among Forbes’ Best Startup Employers for 2020.

PeerStreet is included as part of Forbes’ inaugural list of America’s Best Startup Employers for 2020, which recognized 500 companies in this class. To be selected, PeerStreet was evaluated across three main categories, including employer reputation, employee satisfaction, and company growth.

“It is a huge honor to be recognized in Forbes’ first list of this kind. We have incredible talent here at PeerStreet and our goal has always been to provide the best working environment we can for our employees,” said PeerStreet co-founder and COO Brett Crosby. “We expect a lot out of them and our talented team members have allowed us to achieve the success we have today. We look forward to continuing our journey together.”

This award win comes at an exciting time for PeerStreet, through both the growth of their marketplace and the growth of their team. In 2019, PeerStreet announced a $60 million Series C fundraise, along with securing $4.25 billion in new capital commitments to purchase loans through PeerStreet’s proprietary platform. These funds are being used to continue to expand the company’s product offerings for investors and lenders alike. Culture has remained a priority for the firm throughout its growth, and PeerStreet has been recognized numerous times for its corporate culture, including being named among the Best Places to Work in Los Angeles in 2019 by Comparably and among American Banker’s Best Fintechs to Work For in 2020.

This award is presented by Forbes and Statista Inc., a world-leading statistics portal and industry ranking provider. Forbes and Statista analyzed more than 7 million data points to identify the top Startup employers out of thousands of qualified organizations to select those recognized this year.


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January 28, 2020

PeerStreet Promotes Ellen Coleman to Chief Financial Officer

Previously EVP of Finance, Coleman brings extensive mortgage finance experience to the company’s C-suite

LOS ANGELES--(BUSINESS WIRE)--PeerStreet, a platform for investing in real estate backed loans, has promoted Ellen Coleman to Chief Financial Officer. Coleman joined the company a year ago as EVP of Finance. As CFO, she’ll oversee a variety of different teams, including finance, accounting, treasury, servicing, and capital markets, and will focus on bringing more automation to various financial systems for the company and its users.

Coleman brings more than 15 years of experience in corporate treasury within the mortgage industry, and made an immediate and important impact upon joining PeerStreet. Prior to Coleman joining, much of PeerStreet’s tech investment was customer-focused, building intuitive and comprehensive platforms and new products. Coleman’s hire helped bring a renewed focus on internal technology innovation, transforming many of the company’s more manual financial operations processes into automated ones for greater efficiency and accuracy.

PeerStreet has announced the appointment of Ellen Coleman as the Chief Financial Officer. (Photo: Business Wire)

This work has included launching APIs for PeerStreet’s purchasing and wire processes, saving time for the company and clients alike. She spearheaded automating settlement statements to further improve the company’s loan purchasing across the board. She also played an instrumental role in the company securing $60 million in Series C funding and $4.25 billion in capital commitments in the latter half of 2019.

“It’s hard to overstate the impact Ellen has had in a relatively short time here. She quickly became a respected leader throughout the company and we are lucky to have her leading our finance efforts,” said Brew Johnson, co-founder and CEO of PeerStreet. “We’re looking to build upon the momentum she’s already brought to our financial operations, bringing more automation and innovation to every touchpoint of our business.”

Coleman came to PeerStreet with a strong track record in both treasury operations and debt capital raising, demonstrating proven success with building finance and treasury teams, cash management and wire operations, and establishing new processes to support business objectives, particularly for enabling growth. Coleman’s experience will continue to be invaluable for PeerStreet as the company scales and expands both the overall platform as well as its finance and credit operations.

“It’s been an incredibly rewarding year at PeerStreet, from marquee achievements like our Series C raise to the less sexy, behind-the-scenes improvements to financial systems, modeling, and reporting,” said Coleman. “I continue to be inspired by the teams and individuals I get to work with on a daily basis, and am so excited to see what new heights we can reach together in 2020.”

Prior to joining PeerStreet in 2019, Coleman held positions as Managing Director at Countrywide Financial Corp, Treasurer at Stearns Lending, and Executive Vice President and Treasurer at both Nationstar Mortgage and Homeward Residential, Inc.

PeerStreet’s growth recently earned the company a place within the top 25 in Deloitte’s 2019 Technology Fast 500 Ranking of fastest-growing technology companies. With recent recognition for both its award-winning culture and technological innovation, PeerStreet has continually adapted as it has grown to capitalize on a clear need in the mortgage finance space for easy, transparent real estate debt investing.

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November 25, 2019

PeerStreet Continues Rapid Growth With New Milestone: $3 Billion in Loan Transactions

PeerStreet’s marketplace for investing in real estate debt is the first and largest of its kind—and is now poised to get even bigger

LOS ANGELES--(BUSINESS WIRE)--PeerStreet, a platform for investing in real estate backed loans, today announced that as of last month, more than $3 billion in loans have been transacted through the PeerStreet marketplace. This milestone comes on the heels of the company announcing the close of its $60 million Series C funding round coupled with $4.25 billion in new capital commitments.

“While we’re excited about what we’ve accomplished so far, the mortgage finance industry is one of the largest financial markets in the world, so we have a long way to go before we fulfill our mission”

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This announcement highlights PeerStreet’s exponential growth since it opened to the public in 2015. The year-over-year growth in loan volume has more than doubled every calendar year since PeerStreet’s launch. It took three years for the company to hit its first billion; the second billion took just a year, and it hit three billion in roughly six months.

“While we’re excited about what we’ve accomplished so far, the mortgage finance industry is one of the largest financial markets in the world, so we have a long way to go before we fulfill our mission,” said Brew Johnson, co-founder and CEO of PeerStreet. “What’s most gratifying is that our business model has demonstrated that the more we grow, the more value we can create for investors, small lending businesses, and borrowers. We’re excited to keep this value creation and momentum going far into the future.”

This growth can be attributed to a number of factors including the company’s technology and product innovation, highlighted by its proprietary platforms for both investors and lenders. The platform has caught the attention of several established finance companies, enabling PeerStreet to complete key software integrations with Mint, Wealthfront, and Betterment. The company also announced initial integrations with leading loan origination software (LOS) platforms earlier this year.

The growth is also a result of PeerStreet further expanding its product offerings to include long-term real estate debt through a new Residential for Rent program, a streamlined loan document generation software product called PeerStreet DocGen, and incorporating more loan types into its Automated Investing feature, which now boasts a low $100 minimum for small-balance reinvestments.

PeerStreet’s trajectory earned the company a place within the top 25 in Deloitte’s 2019 Technology Fast 500 Ranking of fastest-growing technology companies. With recent recognition for both its award-winning culture and technological innovation, PeerStreet has continually adapted as it has grown to capitalize on a clear need in the mortgage finance space for easy, transparent real estate debt investing.

ABOUT PEERSTREET

PeerStreet is a technology platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables accredited investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.

Loans are sourced from vetted private lenders throughout the United States who often have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities—one house at a time. PeerStreet was founded in 2013 and is backed by such renowned venture capitalists as Andreeson Horowitz, World Innovation Lab and Thomvest.

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October 28, 2019

PeerStreet Announces a $60MM Series C Fundraise and $4.25 Billion in New Capital Commitments

LOS ANGELES--(BUSINESS WIRE)--PeerStreet, a platform for investing in real estate backed loans, is excited to announce it has completed a $60 million Series C funding round. Colchis Capital led the round with a consortium of institutional investors. Existing investors Andreessen Horowitz, World Innovation Lab and Thomvest Ventures also participated.

This latest round of funding will help the company continue to hire top talent and scale PeerStreet’s two-sided marketplace—the first and largest of its kind for investing in real estate debt.

“We’ve been a strategic partner of PeerStreet for years as an investor in the company and in loans on the marketplace. Leading this round was a natural next step for us,” said Ted Conrads, co-founder and president at Colchis Capital. “We’re excited to be a part of their growth as they continue to innovate as the market leader.”

In addition to the Series C funding, PeerStreet has secured $4.25 billion in new capital commitments from institutions to purchase loans through PeerStreet’s proprietary platform. These commitments will bolster PeerStreet’s existing suite of short-term bridge loan products and grow the recently launched 30-year buy to rent loan program.

“2019 has been an incredible year of growth for PeerStreet, and this funding round will accelerate that growth,” said Brew Johnson, PeerStreet’s CEO and co-founder. “The injection of equity capital into our business via the Series C, combined with strong demand from loan buyers, means we will continue to provide value for lenders, end borrowers, and investors for years to come.”

Each investment opportunity PeerStreet offers is reviewed both algorithmically by the company’s technology platform, as well as manually by experienced in-house real estate and legal teams. The company then aggregates those loans for institutional and accredited retail investors, who in turn provide PeerStreet-approved lenders with capital. Those lenders then make loans to end borrowers who buy properties, improve them, then either sell them to homebuyers or rent them out to tenants.

“I think our society is at a crossroads—there is a shortage of housing in many areas of the country and nearly 40 percent of existing homes were built before 1970. We can either build more homes and continue to take over green spaces, or we can up-cycle the existing aging and dilapidated housing stock,” said Brett Crosby, PeerStreet’s COO and co-founder. “PeerStreet’s business model ultimately supports real estate entrepreneurs doing the latter, curing the capital constraints that have held them back and allowing them to reinvest in American communities.”

ABOUT PEERSTREET

PeerStreet is an award-winning investment platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables accredited investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.

Loans are sourced from vetted private lenders throughout the United States who often have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities—one house at a time. PeerStreet was founded in 2013 and has had over $2 billion transacted on the platform as of March 2019.

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September 10, 2019

PeerStreet Wins CRETech 2019 Real Estate Tech Award

LOS ANGELES, Calif.--September 10, 2019 — PeerStreet, a marketplace for investing in real estate backed loans, is pleased to announce that it won first place in CRETech’s 2019 Real Estate Tech Awards (RETAs) for the Information & Intelligence – Crowdfunding category.

PeerStreet was chosen for its unique business model: a two-sided marketplace for investing in real estate debt that is both the first of its kind and the largest. The PeerStreet marketplace sources short-term real estate loans from a nationwide network of vetted private lenders; PeerStreet then aggregates those loans to bring greater diversity and higher volume to world-renowned financial institutions and thousands of individual investors. PeerStreet’s technology platform provides participants in the marketplace with unprecedented transparency and access to this asset class.

“PeerStreet’s vision is to align the interests of everyone in this ecosystem—from lenders and investors to borrowers and the communities they represent—by providing both easier access to real estate debt and empowering participants to make better decisions,” said Brett Crosby, COO and co-founder of PeerStreet. “Winning a RETAS is great validation to our entire team that the work we’re doing is transforming this industry for the better.”

For the past six years, CRETech’s RETAS recognizes the year’s most innovative and cutting-edge companies that have played an integral role in advancing tech in the real estate industry. Winners are selected by an elite panel of judges, including the leading venture capitalists, angel investors, corporate investors, and thought leaders in the real estate tech industry.

This win comes at an exciting time for PeerStreet, as the company has recently expanded its product offerings into long-term real estate debt through a new Residential for Rent program and incorporated more loan types into its Automated Investing feature, which now boasts a low $100 minimum for small-balance reinvestments. PeerStreet has had over $2 billion transacted on the platform and more than $1 billion in assets under management to date.

RETAS is presented by CREtech, the largest event, data and content platform in the commercial real estate tech industry. For more information about the Real Estate Tech Awards, click here.

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