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.
“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.