“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.
“It may not be that commercial is more attractive. It may just be easier. Going directly to borrowers in the residential space has proven harder than many companies expected,” says Brett Crosby, co-founder and chief operating officer of PeerStreet, a marketplace for accredited investors to [...]
Whether you are a designer yourself, or a user who wants to have a greater understanding of the design behind your favorite products, here are some design principles to think about.
“Brew is one of the brightest minds in FinTech. His passion for his work and deep understanding of the industry is unparalleled,” said Brett Crosby, Co-founder and COO of PeerStreet.
As co-founder and CEO, Brew Johnson has played a critical role in driving the direction of PeerStreet, which has seen monthly origination volumes of around $50 million and growth of roughly 900% in YoY revenue, as well as increasing the number of employees from 25 to 75.
One of the biggest markets in the world, worth between one to two trillion dollars annually, has been virtually untouched by technology. Dominated by Wall Street and those perennial names, Fannie and Freddie, real estate investing has long been the domain of a few key players. Until now.
Real estate crowdfunding platform PeerStreet announced on Monday the launch of its new lender platform. Get started today with PeerStreet LEARN MORE
With his deep Wall Street background, Nees will provide key guidance on multiple and varied capital sources for PeerStreet. Under his leadership, the Capital Markets team will focus on diversifying the company’s capital base, which will further stabilize the robust foundation of the business as [...]
“I thought this could be a really good fit – my background and experience put together with someone who had a great business plan at the right time, and I felt that PeerStreet’s was the most compelling,” Louis Nees says.
“There are a lot of assumptions baked into what I’m saying, but the existing market is ripe for transformation,” said Crosby, who works for a marketplace lender that primarily funds investors’ single-family bridge loans, but would consider funding home mortgages in the future.
Nees brings more than 30 years of experience to PeerStreet. Most recently, he served as the CEO of Fairlead Management, a consulting services company specializing in business strategy, corporate growth, and innovation.
“We’re delighted to have Louis join our team,” PeerStreet CEO Brew Johnson said. “PeerStreet has been experiencing tremendous growth and is quickly expanding our investor base and product offering — we look forward to Louis’ deep expertise as we hit new milestones.”
“PeerStreet says that Nees’ deep Wall Street background will provide key guidance on multiple capital sources for PeerStreet.”
“Even more importantly, PeerStreet says that no money has ever been lost by investors. Zero. Nada. That is pretty impressive.”
PeerStreet says it is making real estate lending transparent, allowing its members to view all the properties, all the details of the loan, including photos of the property, and how many other investors have chosen to invest alongside them, as well as what percentage of the loan is still [...]
PeerStreet has always focused 100% on first position liens on real estate. That means it is the safest place in the capital stack and first position to be paid back. And rather than sourcing loans from borrowers, we work with existing private lenders across the country who know their local real [...]
PeerStreet is integrating with Personal Capital so the firm’s customers will now be able to see their investments across platforms.
I wrote about PeerStreet for the first time back in March of 2017 after I had been invited to visit their HQ and interview their founders. Since then I have aggressively grown my investment accounts with them in a little less than 5 months.
If you’re looking for another way to passively invest, listen in to this one. Along with being an active real estate investor, Brett co-founded a platform for investing in real estate loans called PeerStreet.
“Many PeerStreet customers have asked for this integration with Personal Capital,” PeerStreet cofounder and COO Brett Crosby said. “We’re always working to improve the experience for our customers and provide greater control and transparency.”
The trajectory from big tech to fintech is becoming increasingly common. What makes for a successful transition and what can big tech folks take with them in their new ventures?
Four local startups were named to NYC-based CB Insights‘ prestigious Fintech 250 this week, offering continued proof that LA’s tech ecosystem is diversifying.