The Lend Academy Team picks their favorite podcasts from the first 100 episodes and includes Brew Johnson and PeerStreet in their selection.
“'The biggest issue in our space is how to scale to service more customers,' says Brett Crosby, COO and co-founder of PeerStreet, a real estate loan marketplace."
"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.
Brett Crosby, co-founder and COO, is interviewed by Joe Saul-Sehy of Stacking Benjamins to discuss PeerStreet's unique model.
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 company's streamlined and transparent approach to offering investors easy access to a marketplace for real estate loan investments.
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 customers.'"
"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.
"We were positively overwhelmed with the high number and high caliber of entrees. These finalists represent some of the most innovative companies that are radically improving financial services through technology.”
"The Top Emerging Real Estate Platform category focused on younger companies that have demonstrated the greatest potential to impact the future of real estate investing. PeerStreet stood out as the top platform with its unique model, as it is not a direct lender and brings an innovative offering to investors."
"Customers of both Betterment and PeerStreet can now view their PeerStreet positions within their investment portfolio on the Betterment dashboard, raising the spectre of further consolidation between online wealth managers – or robo advisors – and marketplace lenders."
"I’m absolutely stoked to share the details of my recent visit with the founders of PeerStreet and what I’m dubbing my favorite investment of 2017 and beyond. This is going to become a very substantial piece of my overall asset allocation. It’s not often I get very excited about an asset class, but this is different, and PeerStreet is in a league of their own."
"How has PeerStreet stress-tested their model against real estate cycles?"
"We exceeded $200 million in origination volume by the end of 2016. Our KPIs are based on loan volume and quality. Loan volume is great, but no amount of volume matters if you don’t maintain quality. We think our approach allows us to grow while preserving quality."
"It seems like all the players in the marketplace lending space felt the cloud of uncertainty that surrounded the industry last year. Except for PeerStreet."
"He's among a handful of ex-Googlers applying computer science to finance...PeerStreet, a marketplace that matches real estate with investors, was co-founded by Brett Crosby, a former product marketing director at Google."
“With general acceptance of companies like LendingClub and Prosper, we can do something like that with a much better asset class."
“'The entire fintech space is very heavily underused, and we’re only seeing the tip of the iceberg today,' he said. 'So innovation shouldn’t be looked at as this genius moment that someone has, on the contrary: all it takes is a small idea that a group of people iterate on, continuously.'”
"Wall Street and new online lenders are bundling loans for home flippers into fix-and-flip mortgage bonds, offering a new way for hedge funds, private equity firms and other institutional investors to invest in the housing market."
"We sat down with Brew in their Manhattan Beach offices to hear about how their new backing from Andreessen Horowitz will help them scale and what their plans are for the future."
"The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving the future in financial services and capital markets."
Minutes 23 and 26 about PeerStreet: "We’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business."
