“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.
It’s an alternative to lending directly to an individual or small firm, with the crowdfunding site doing most of the work, checking out the borrower and judging the loan’s risk – and chasing the borrower for payments if necessary.
Brew Johnson, like some of the other CEOs in this list, is a big fan of sitting down and physically writing a to-do list. The CEO of Manhattan Beach-based PeerStreet also looks to a famous warrior-poet for a little bit of productivity advice.
“PeerStreet is democratizing real estate investing by giving investors access to real estate debt opportunities, an asset class that was previously not available to non-institutions.”
The Lend Academy Team picks their favorite podcasts from the first 100 episodes and includes Brew Johnson and PeerStreet in their selection.
“The reality is many of the new business models may go out of business because they are simply taking too much risk on their loans. We’re positioning PeerStreet for the ups and downs of the American economy.”
PeerStreet has been recognized as the Best Overall Peer-to-Peer Lending Platform in the 2017 FinTech Breakthrough Awards. The mission of the FinTech Breakthrough Awards is to honor excellence and recognize the creativity, hard work and success of FinTech companies, technologies and products.
In anticipation for the 2017 Benzinga Global FinTech Awards, taking place May 11 in NYC, PreMarket Prep sat down with several of this year’s nominees. In this installment we talk with Brew Johnson, Co-Founder and CEO of the real estate debt investment platform PeerStreet, about the [...]
PeerStreet’s unique marketplace allows investors to diversify their capital in an asset class that has been traditionally difficult to access. Loans are sourced and curated from vetted private lenders throughout the United States who have local real estate expertise and borrower relationships.
“’We strive to be responsive to our customers and give them the information they need to make better financial decisions,’ said Brett Crosby, co-founder and COO of PeerStreet. ‘This is part of our larger philosophy of providing more access, transparency and control for our [...]
“The goal of our system is to create a company the can scale while maintaining the quality of our end investments. And to do it while creating a culture that continues to attract the highest quality people we can find.”
On Cheddar TV, Brett Crosby makes the case that bridge loans are actually community improvement loans.