PeerStreet’s Series B round was led by World Innovation Lab with participation from Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, Solon Mack and Navitas Capital; PeerStreet is a marketplace for fix and flip loans; the company said funds will be used to expand to new types of loans and that the company may also be adding more international investors. Source
The real estate crowdfunding space has been an interesting one to watch. Just a few short years ago, in 2015...
PeerStreet, a platform for investing in real estate backed loans, has now integrated with Personal Capital which is powered by the Envestnet | Yodlee data aggregation platform; customers will now be able to view their PeerStreet positions within their investment portfolio on Personal Capital; this is the third such integration as PeerStreet recently announced integrations with Wealthfront and Betterment; "Many PeerStreet customers have asked for this integration with Personal Capital. We're always working to improve the experience for our customers and provide greater control and transparency," said Brett Crosby, co-founder and COO of PeerStreet." Source
Chris Lustrino talks with the cofounders of PeerStreet in a blog post interview on Simple.Innovative.Change; Brew Johnson talks about how his legal experience with real estate and work on a tech startup with his brother led him to found the platform; additionally, both founders discuss the PeerStreet platform and its innovative market positioning. Source
The real estate platform PeerStreet temporarily paused lending last month due to the coronavirus; now they have resumed lending with...
Online real estate lending platform PeerStreet has partnered with Wealthfront; PeerStreet will integrate with Wealthfront's Path offering; the integration has been facilitated by Quovo and will allow PeerStreet customers to view their PeerStreet investments holistically within their entire Wealthfront investment portfolio. Source
Marketplace lender, PeerStreet, has raised $15 million in a funding round led by venture capital firm Andreessen Horowitz; PeerStreet offers secured real estate loans through its lending platform; the minimum investment is $1,000; investors on the platform include high net worth individuals, family offices and institutions; Andreessen Horowitz's Rampell noted the competitive advantages of PeerStreet compared to competitors included their fast growth and distribution model; he stated, "Most companies that are lending to consumers spend all the money in customer acquisition and it is very hard to get a profit." Source
I am certainly late with this but I have finally found the time to bring you my quarterly returns report...
PeerStreet is one of the leaders in the real estate crowdfunding space in the US; they announced in March that...
PeerStreet announced that they have crossed $150 million in originations after one year in business; the company launched at Money 20/20 last October; so far the platform has experienced zero losses, providing returns between 6% and 12%; PeerStreet's weighted portfolio loan-to-value is 65%. Source