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 about what happened last week, talk about what’s happening this week.”
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.”
“We’ve tried to create a place where we’d like to work,” said PeerStreet Chief Executive Brew Johnson.
PeerStreet is nominated as "Top Real Estate Platform" in the 2018 LendIt Industry Awards.
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"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."
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.
Investor Junkie does a comparison by the numbers of PeerStreet vs. LendingHome with PeerStreet coming out on top.
Launched in 2013, Los Angeles-based PeerStreet was founded by real estate attorney Brew Johnson and Brett Crosby, a former Google executive, to empower investors to invest in high-yield real estate loans.
PeerStreet only offers senior debt positions. Further, that's what also separates PeerStreet from Lending Club and Prosper because they are collateralized debt instead of unsecured consumer debt.
“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 invest in high-quality private real estate backed loans.
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.
Brett Crosby, Co-Founder and COO of PeerStreet, discusses the emergence of FinTech in the lending and real estate debt spaces.
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.
Brett Crosby talks to Fintech Finance at Money20/20 in Las Vegas about creating a secondary marketplace for real estate debt.
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.
PeerStreet is named as a Rising Startup Winner at Techweek Los Angeles 2017.
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 it continues to grow rapidly.
“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.