FinTech and Startup. Today these words are almost synonymous, and the journey that startups, these FinTechs, go through from glint of an idea to their success or failure is seen at every turn. From Uber and Lyft, to the dramatic rise of Facebook.
In this episode the host John Siracusa chats with Brett Crosby from PeerStreet and co-founder of Google Analytics. Brett co-founded a company called Urchin software which was acquired in April 2005 by Google and morphed into Google Analytics.
Startups like Cadre and PeerStreet have built platforms that make it easier to invest in real estate. And other companies are offering new options for viewing homes online and getting mortgages more quickly.
PeerStreet, a crowdfunding platform for real estate loans, has been recognized as one of the fastest growing Fintech startups in the US. The 2nd annual CB Insights Fintech 25o list has included PeerStreet for the 2nd year in a row. Get started today with PeerStreet LEARN MORE
“A lot of people want exposure to real estate without that equity-style risk,” says Brett Crosby, co-founder and chief operating officer of PeerStreet. “We made it accessible and some people are much more comfortable with this level of risk.”
PeerStreet, is a marketplace where accredited investors can invest in real estate loans. This crowdfunding debt platform, in conjunction with financial institutions, funds various real estate purchases. The investor can own a portion of the loan and receive a cash flow of the debt payments.
With the invention of real estate investment trusts in 1960, real estate ownership is a mouse-click away. REITs own income-producing real estate in various sectors. These investments are governed by the Securities and Exchange Commission, trade on major stock exchanges and pay regular [...]
“Our goal has always been to level the playing field between Wall Street and Main Street when it comes to real estate investing,” said Brett Crosby, COO at PeerStreet. “So we want to bring as much variety and diversification to our investors as we can and help them invest in real estate backed [...]
According to PeerStreet, these Cash Offer Loans are an investment option that allows investors access to a security with a shorter duration than current bridge loans.
By investing in these loans, PeerStreet investors are helping families buy the homes they love in the communities they want to live in without having loan contingencies on their purchase.
The real estate investment platform is offering investors the chance to invest in shorter term loans ranging from 30 days to 36 months through its new Cash Offer Loans.
Graham has been a driving force in supporting and nurturing PeerStreet’s talented real estate team by retaining an impressive majority of his team year over year and almost entirely promoting from within. Get started today with PeerStreet LEARN MORE
As startups graduate into established companies, culture must be considered a core part of the business architecture.
Increasingly, I believe investors such as venture capitalists are going to start demanding that culture be a much more important part of the discussion than it has been in the past. Get started today with PeerStreet LEARN MORE
Comparably, a compensation, culture and career monitoring website, recently released its 2018 Culture Awards. Based on employee sentiment, these lists recognize companies of all sizes across the nation, including Boston, Los Angeles, Chicago, Salt Lake City and Washington, D.C., helping to [...]
“When you have leaders that are focused on issues (of) inclusion and diversity, and especially when they have a diverse background themselves, I think … employees feel rewarded and empowered” Jason Nazar, the CEO of Comparably, said in an interview with USA TODAY.
“It was clear from the beginning that Nia was an outstanding talent and exemplifies everything you look for in a colleague: intelligent, hardworking and fun to be around,” said Brew Johnson, Co-Founder and CEO of PeerStreet.
According to PeerStreet, HousingWire’s 2018 Rising Stars list recognizes talent that demonstrates leadership and innovation, inspiring not only those within their company but also their communities and the industry at large.
Earlier this year, the company made a strategic move into the commercial mortgage business. Initially, PeerStreet will offer small-balance recourse loans valued at less than $5 million for multifamily properties and mixed-use properties with residential components.
“We brought John in to oversee all real estate operations from sourcing lenders, underwriting loans and ongoing account management of those lenders and asset management, as well, making sure loans perform,” said Brett Cosby, PeerStreet’s co-founder and chief operating officer. [...]
PeerStreet, which bears Michael Burry’s-aka Christian Bale’s character in The Big Short-blessing, and was recently named to HousingWire Magazine’s HW Tech100 as one to the top technology companies in the housing industry, connects lenders with investors and provides them with short term, [...]
This strategic hire comes at a momentous time for the company, having announced last month that it had raised a $29.5 million Series B, with plans to increase it’s pace of hiring. The company also surpassed $900 million in loans funded and was included in HousingWire’s prestigious “Tech 100” list.
“The high-energy culture and the caliber of talent at PeerStreet attracted me to the business and the more I dig into the company and its mission, the more I find the business to be extremely compelling,” Mr. Devereux said. “My experience and skills are a great fit at this stage of the [...]
“I find the business to be extremely compelling,” said Devereux. “My experience and skills are a great fit at this stage of the company’s evolution, and I look forward to applying them here.”
“Following our Series B funding, PeerStreet has entered a new state of expansion and deepening our reach within the industry.” said Brew Johnson, CEO of PeerStreet. “John has unparalleled experience and is an industry leader at what he does; we are extremely pleased to have him on board.”
Devereux brings over 28 years of real estate equity and debt experience including six years as EVP, Head of Commercial Real Estate at OneWest Bank and nine years as Principal at Colony Capital. Get started today with PeerStreet LEARN MORE
PeerStreet’s differentiated business model has allowed it to scale across the country and they believe they have chosen the right path to grow.
“We’re using the transformative potential of technology to help people access investments in real estate debt in a way never done before,” said Brett Crosby, COO and co-founder. “At the same time, our model helps lenders get more capital to deserving borrowers who are directly improving the [...]
The Los Angeles-based PeerStreet said the financing will accelerate its growth. Specifically, PeerStreet will be broadening the type of real estate loans it cultivates from its network of lenders and hiring more talent.
“It’s very hard to find 8%-plus net yield on secured assets in under 12-month duration,” Mr. Rampell said, noting some large investors have switched to PeerStreet from peer-to-peer lending platforms such as LendingClub or Prosper.”
Galusha brings more than 25 years of real estate investment management experience for both institutional and private capital to PeerStreet, having closed nearly 100 deals with a market capitalization of approximately $3 billion. Previous employment includes the Morgan Stanley Real Estate Fund, [...]
PeerStreet’s move into the commercial lending sector is part of a natural evolution of the company, Crosby explained. “We’ve been hyper-focused on a specific asset: short-term bridge loans,” he said, adding that the company had completed a small percentage of [...]
Every Monday, “we bring the whole company together,” said Crosby, who is the chief executive at PeerStreet, a person-to-person lending startup in Manhattan Beach, Calif. “It’s an expensive meeting, because it’s a lot of people’s time. But we think it’s important. We go through our metrics, talk [...]
PeerStreet, a platform for investing in real estate-backed loans, has hired Greg Galusha as head of commercial real estate.
Mr. Galusha is responsible for leading PeerStreet’s growing commercial real estate division, which will help PeerStreet expand and enhance the current spectrum of commercial real estate investments offered through its marketplace.
“What we’ve found is that it always works better when we do the whole hiring process, we get everyone together,” Crosby said. “It gets multiple people thinking about how that candidate is going to fit in and whether they are a good culture fit.”
Johnson, PeerStreet’s CEO, boils it down to this: “We’ve tried to create a place where Brett and I would want to work.”
The American Dream is the only TV show that goes against the negative sensationalist style of journalism often seen in media. The American Dream’s mission is to Educate, Empower, and Engage its audience across the country with business leaders, accomplished entrepreneurs, finance experts, and [...]
“The Real Estate market is ripe for disruption and has long needed a shake-up, and an injection of investment and technology to drag it into modern times.” Get started today with PeerStreet LEARN MORE
Making money off of debt as an investor. Find out about how this new niche is quickly growing and turning major profits. Featuring guest Brett Crosby of PeerStreet Financial.