Our allocation system is designed to help investors get into the type of investments they want. Everyone who has activated Automated Investing will be put in a line. If a loan comes up that matches your criteria, and it’s your turn in line, you will get placed into that investment. If the loan ends up being oversubscribed and your order gets placed, you will move to the back of the line. If you do not receive an allocation, PeerStreet will hold your spot in line to ensure you get a turn on another loan. When a loan is not oversubscribed, your order will be placed and your place in line will not change.
Once particular investment fully funds the first time, Automated Investing will not run again unless there is a balance of $100,000 or more outstanding.