"'We've seen a lot of new users coming over that were elsewhere,' Crosby said. 'They're saying, `We like the fact that your asset is secured by real estate and there is a real underlying asset.''"
"Billed as a marketplace for investing in real estate-backed loans, PeerStreet is ranked at number one because it does one thing well – it solves the issue of investors having to analyze investments opportunities themselves, review deal structures and underwrite sponsors thanks to its special algorithms."
"In my latest eBook, I break down what I view as the top 7 real estate crowdfunding sites for investors. While there are 100’s of sites out there, the 7 I chose are established players, well-funded, operated by experienced real estate professionals, and sites I’d trust with my own money."
"While the now-public Zillow and Zoopla might be seen as dominant names in residential real estate tech, there are a slew of startups working in real estate listing and search services and carving out a variety of emerging categories within the residential space."
"From various conversations, news stories and a Lend Academy podcast interview with the other founder Brew Johnson, I came away impressed. This is not just a bubble-economy financial firm run by well-connected Wall Street MBAs."
"He has a long history in real estate and is one of the few people who saw the financial crisis coming in the mid-2000’s. His experience there ended up leading to the founding of PeerStreet in 2013."
"One of the platforms I’m most excited about is PeerStreet, best described as Wealthfront meets E*Trade for real estate investing. The PeerStreet model allows investors to set their investment criteria, then using proprietary underwriting algorithms the system will automatically allocate them into loans that fit those parameters."
"It's like a Kickstarter for the real estate industry," Berneman said. "It allows people to get into real estate investing in a way they wouldn't have been able to before."
"The most innovative and influential companies in the world inherently provide value where it previously did not exist. When analyzing the real estate market, we saw real estate lending as the place where we could provide new value to all stakeholders by eliminating inefficiencies between how investors, lenders and borrowers interacted."
“There are serious obstacles to entrance in the market, though newcomer PeerStreet has made its mark in 2015 with its launch and subsequent strong origination volume.”
"'What happened in the crisis is there was practically no underwriting — if something could be sold it would be made,' Burry said in an interview. 'It's important for the next-generation alternative lending model that there be controls in place. There's somebody at the door checking for excess credit risk.'"
“After a scheduled half-hour conversation turned into a 90-minute meeting, Burry told Crosby and Johnson that he wanted to do more than just advise.”
“It turns out that the biggest threat to Wall Street is probably not from prosecutors or politicians but from Silicon Valley, which looks at the Street and sees inefficiency, lack of transparency and adversarial relationships with clients.”
“Rarely do I hear about portals who have a level of team experience, or a proven deal track record, to rival that of the recently released PeerStreet real estate lending platform.”
“Los Angeles universities are renowned for producing top-tier tech talent and entrepreneurs. Amongst the wide-selection of institutions, The University of Southern California has produced graduates who have made early and sustaining contributions to LA tech.”
"Dr. Burry said he liked what PeerStreet was trying to accomplish as, 'These guys are really out to solve a market inefficiency,' and 'A number of large markets are not adequately being served by the financial sector, so it really is time for new thinking.'"
“The name PeerStreet is all about leveling the playing field between Main Street and Wall Street,” Johnson, an attorney with a background in real estate and technology, explained to me. “I as an individual can invest in the same type of asset that Goldman Sachs would historically be able to invest in.”
"The PeerStreet platform offers investors flexibility, both through loan terms as short as six months and the ability to create a loan portfolio with individual investments as low as $1,000."
PeerStreet Brings Real Estate Investing to Main Street “Skip the savings account or CD, and put your money where the pros do. In real estate. That’s the premise behind PeerStreet, an E-Trade for real estate, where instead of betting on stocks and ETFs, investors are building a portfolio of real estate backed securities. The 22-month-old startup, based in Manhattan Beach, launches to the public on Monday and aims to democratize access to investments previously only available to a privileged few.” (The San Diego Union-Tribune)
"A tipping point may be near for U.S. investors seeking to benefit from crowdfunding in real estate, an industry that is a clear winner in the early stages of raising capital for small businesses over the Internet."
“PeerStreet is unique in that our loans are sourced from a nationwide network of professional loan originators, which gives us the ability to scale while providing investors access to the highest quality loans.”
"The investment platform wants to make investing in real estate backed loans as 'easy as buying stocks'."
"PeerStreet brings real estate investing to Main Street: Skip the savings account or CD, and put your money where the pros do. In real estate."
"PeerStreet, Co-founded By Google Exec, Launches Real Estate Loan Marketplace: Los Angeles-based PeerStreet said this morning that it has launched a brand new, online real estate loan marketplace, which is aimed at accredited investors interested in real estate investments."
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