LOS ANGELES, Calif.--October 04 2017-- PeerStreet, a marketplace for investing in real estate backed loans, is excited to announce that they have surpassed over half a billion in loans funded with zero losses to investors since its official launch less than two years ago. This announcement comes after many other milestones, including monthly origination volume now surpassing $50 million. For context, the company launched to the public less than two years ago and this time last year had funded approximately 300 loans, representing about $100 million. To date, the company has funded well over 1,200 loans and growth has been fueled by an increasing investor appetite for this asset class.PeerStreet achieved this level of production after developing features and integrations to improve experiences for both investors and lenders alike. Most recently, PeerStreet launched a new dynamic loan status page that allows investors access to real-time transparency into the servicing of their loans. PeerStreet has also implemented integrations with Betterment, Wealthfront and Personal Capital to allow investors to view their PeerStreet investments within the context of their broader investment portfolio. “While we are excited about the growth, this is just the beginning of our journey to transform the industry,” says Co-Founder and CEO, Brew Johnson. “Our goal remains the same as when we started: to level the playing field between Wall Street and Main Street by providing access and transparency to a market that had previously thrived on opacity.”“Along with the ongoing growth in our business, I am incredibly proud of the culture and team we have built,” adds Brett Crosby, Co-Founder and COO. “We’ve found amazing talent across all divisions of the business and were recently honored to be named one of the Top 5 Startups To Work For in Los Angeles.”This year alone, PeerStreet has been recognized as a CB Insights FinTech 250 company and won numerous awards including the LendIt Emerging Real Estate Platform, the Fintech Breakthrough Award for the Best Overall Peer-to-Peer Lending Platform, and as a finalist for The Benzinga Global FinTech Awards. The company has attracted high-profile investors including Andreessen Horowitz, Felicis Ventures, Rembrandt Venture Partners, Montage Ventures, ThomVest, The Kaiser Family Foundation, Colchis Capital, Toba Capital, Le Frak, and many notable individuals such as Dr. Michael Burry, Adam Nash, and Ron Suber.ABOUT PEERSTREETPeerStreet is an award-winning, Andreessen Horowitz-backed platform focused on democratizing access to real estate debt. The company provides investments in high-yield, short term, real estate backed loans. 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. The PeerStreet model allows for more borrowers to access capital and improve their local communities, one house at a time. PeerStreet’s platform is secure and intuitive with an easy-to-use interface, offering a wealth of information and tools for every level of investor.The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman.
MANHATTAN BEACH, Calif. -- PeerStreet, an award-winning platform for investing in real estate backed loans, has announced an integration with Personal Capital, powered by the Envestnet | Yodlee Data Aggregation Platform. Customers of both Personal Capital, an automated investment service with more than $4.8 billion assets under management, and PeerStreet can now view their PeerStreet positions within the context of their investment portfolio on Personal Capital.This integration with Personal Capital follows similar integrations announced earlier this year with Wealthfront and Betterment. This integration helps customers understand their PeerStreet investments in the context of their overall portfolio.“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. “The more people can see how their PeerStreet account is performing compared to other investments, the more they can make informed decisions about where to invest money in the future.”Since launching in November 2015, PeerStreet has been rapidly increasing its investor base and adding features to its platform. This integration with Personal Capital, which leverages the Envestnet | Yodlee Data Aggregation Platform, is another indication of the types of expansions and integrations that will help customers see their PeerStreet investments within their greater financial portfolio.PeerStreet, which was just named as one of the Fintech 250 companies by CB Insights, continues to rapidly grow following the announcement of a $15 million Series A round in November last year, led by venture capital firm Andreessen Horowitz. Notable individuals who have invested in PeerStreet include Ron Suber, Adam Nash, and Michael Burry.
MANHATTAN BEACH, CA - JUNE 01 2017 - PeerStreet, a marketplace for investing in real estate backed loans, is honored to announce that its VP of Strategy, Jessica Murray, has been named to HousingWire’s 2017 Rising Stars list of young leaders to watch in the housing industry. HousingWire’s 2017 Rising Stars list recognizes talent that demonstrate leadership and innovation, inspiring not only those within their company, but also their communities and the industry at large.In her time at PeerStreet, Murray established the company voice through social media, content marketing, customer communications and placed media while serving as the Head of Communications. In her current role, Murray maintains many strategic and operational responsibilities, which also include managing PeerStreet’s capital markets and hiring. She brings prior experience from J.P. Morgan’s Commercial Mortgage-Backed Securities (CMBS) group to the capital markets facet of her role.“Jessica is a rockstar that continues to have an outsized impact on our business and the broader industry,” said Brett Crosby, COO and Co-founder of PeerStreet. “She has been instrumental in our company’s growth, especially as we continue to scale our business in order to empower investors to access this asset class.”HousingWire has ranked 40 winners in this year’s Rising Stars, all of whom represent a variety of occupations within the housing industry. “Our Rising Stars are always smart and talented, but one of the things that characterized our winners this year was the sheer scope of what they accomplished for their companies. They drove impressive results, whether they were measured by growth, profit or innovation,” said Sarah Wheeler, HousingWire Magazine Editor.This honor comes on the heels of PeerStreet being awarded Best Emerging Real Estate Platform at the LendIt USA Awards, Best Overall Peer-to-Peer Lending Platform at the FinTech Breakthrough Awards, and Best Venture Funding in Marketplace at the Los Angeles Venture Association Awards. PeerStreet was also runner-up for the Benzinga Global FinTech Award in the Lending and Alternative Investment Platforms, Tools and Apps category.ABOUT PEERSTREETPeerStreet is an award-winning, Andreessen Horowitz-backed platform focused on democratizing access to real estate debt. The company provides investments in high-yield, short term, real estate backed loans. 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. The model allows for more borrowers to access capital and improve their local communities, one house at a time. PeerStreet’s platform is secure and intuitive with an easy-to-use interface, offering a wealth of information and tools for every level of investor.The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman. Learn more at www.peerstreet.com and on Twitter @PeerStreet.CONTACTVestedJacqueline Gogel, 917-765-8720peerstreet@fullyvested.com
MANHATTAN BEACH, CA – 26 APRIL 2017 – PeerStreet, a marketplace for investing in real estate backed loans, is pleased to announce that it 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. Winners are chosen by a panel of senior-level, experienced FinTech professionals that have personally worked in the industry including journalists, analysts and technology executives. PeerStreet is also a finalist for The Benzinga Global FinTech Awards in the Best Digital Mortgage or Real Estate Platform, Tool or App category. The Benzinga Global FinTech Awards celebrate a related cause, showcasing companies with the most impressive technology leading the future of financial services. These awards are the latest addition to the startup’s growing list of accolades, which follow a landmark 2016 marked by rapid growth and expanded footprint, and a strong start to 2017. The firm is a recent winner of a LendIt industry Award and a Los Angeles Venture Association (LAVA) Award.“We are extremely proud to be recognized as an innovative leader in the highly competitive FinTech market,” said Brew Johnson, Co-founder and CEO at PeerStreet. “Our team strives every day to provide investors access to quality investments in an easy-to-use and efficient manner, and this type of recognition inspires us to do more.”“Our mission is to level the playing field between Main Street and Wall Street, enabling any accredited investor to easily invest in real estate loans,” said Brett Crosby, Co-founder and COO of PeerStreet. “By democratizing this system, PeerStreet’s platform has dramatically expanded the market for one of America’s largest industries.” The company recently announced new integrations with Betterment and WealthFront, allowing users to view their PeerStreet investments within the context of their entire investment portfolio to understand how their real estate positions are performing in comparison to other holdings, resulting in greater transparency for clients.ABOUT PEERSTREETPeerStreet is an award-winning, Andreessen Horowitz-backed platform focused on democratizing access to real estate debt. The company provides investments in high-yield, short term, real estate backed loans. 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. The model allows for more borrowers to access capital and improve their local communities, one house at a time. PeerStreet’s platform is secure and intuitive with an easy-to-use interface, offering a wealth of information and tools for every level of investor.The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman. Learn more at www.peerstreet.com and on Twitter @PeerStreet.CONTACTVestedJacqueline Gogel, 917-765-8720peerstreet@fullyvested.com
MANHATTAN BEACH, CA – 29 MARCH 2017 – PeerStreet, an award-winning platform for investing in real estate backed loans, has announced an integration with Wealthfront, the most trusted automated investment service among young people with nearly $6 billion assets under management. This integration was made possible by the rollout of Wealthfront’s new financial planning experience, Path, which allows Wealthfront clients to receive financial advice and planning for all of their accounts.As customers’ financial lives become increasingly complex, having all investments across platforms in one place provides consumers with more comprehensive information. PeerStreet users have sought out integrations with platforms like Wealthfront. Both PeerStreet and Wealthfront were able to quickly respond to their clients’ needs using Quovo, the industry leader in financial account connectivity. Using its account aggregation engine, customers investing on both platforms can view their PeerStreet positions within the context of their greater Wealthfront investment portfolio.PeerStreet’s goal is to provide investors with tools that exceed customer expectations and enable them to become more informed about investment decisions. Integrating with Wealthfront helps accomplish this goal. This announcement comes on the heels of other similar integrations that were also requested by PeerStreet customers.“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. We’re committed to consistently making improvements to our user experience, including integrations beyond the PeerStreet platform.”Since launching publicly in October 2015, PeerStreet has rapidly increased its investor base and added features to its platform. The company was recently awarded the Top Emerging Real Estate Platform of the Year by LendIt. Additionally, its recent fundraise by Andreessen Horowitz led to PeerStreet receiving the Best Venture Funding in Marketplace award from the LAVA Association.ABOUT PEERSTREETPeerStreet is an award-winning, Andreessen Horowitz backed, platform focused on democratizing access to real estate debt. The company provides investments in high-yield, short term, real estate backed loans. 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. The model allows for more borrowers to access capital and improve their local communities, one house at a time. PeerStreet’s platform is secure and intuitive with an easy-to-use interface, offering a wealth of information and tools for every level of investor.The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and former Y Combinator alumnus Alex Perelman. Learn more at www.peerstreet.com and on Twitter @PeerStreet.CONTACTSVestedJacqueline Gogel, 917-765-8720peerstreet@fullyvested.c
MANHATTAN BEACH, CA – 13 MARCH 2017 – PeerStreet, a marketplace for investing in real estate backed loans, is pleased to announce that it has been named the Top Emerging Real Estate Platform in the LendIt 2017 Awards. PeerStreet is an Andreessen Horowitz-backed platform, focused on democratizing access to investments in real estate debt. “The LendIt award is a real honor and we are grateful to be recognized by our peers in the FinTech industry,” said Brew Johnson, Co-founder and CEO at PeerStreet. “We have an incredibly talented and dedicated team who are essential to the momentum behind the PeerStreet brand. This award demonstrates the value we are creating for our investors and we share this proud moment with our team.”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.“We have set our focus on one asset type - first lien real estate loans - and we think creating and maintaining this focus has delivered unique value to investors while also attracting top advisors, lenders and influencers,” said Brett Crosby, Co-founder and COO of PeerStreet. “This asset class itself has been around for a long time, and we’ve just changed the way investors can access it and diversify across quality loans. Combining technology and analytics to bring a greater level of transparency to this space has been transformative.”The LendIt award-winners were determined by 30 industry experts and thought leaders in the alternative lending space. This most recent award adds to the growing list of accolades and major milestones for the FinTech startup. The latest recognition follows PeerStreet’s landmark 2016 which saw rapid growth, numerous accolades and an expanded footprint -- with thousands of investors from across the country and lenders operating in 25 states. The firm also closed its Series A funding led by Andreessen Horowitz in November.ABOUT PEERSTREETPeerStreet is a marketplace lending platform for real estate debt. Founded by real estate attorney, Brew Johnson, former Google executive, Brett Crosby, and CTO Alex Perelman, PeerStreet allows investors to easily invest in high-yield real estate loans that were historically difficult to access. PeerStreet’s platform is secure and intuitive with an easy-to-use interface and a wealth of information and tools for every level of investor.CONTACTSVestedJacqueline Gogel, 917-765-8720peerstreet@fullyvested.com
Users will now be able to fully integrate their Betterment and PeerStreet accounts
MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--PeerStreet, an award-winning platform for investing in real estate backed loans, has announced an integration with Betterment, the largest independent online investment advisor. Using account aggregation through Quovo, customers of both Betterment and PeerStreet can view their PeerStreet positions within the context of their investment portfolio on the Betterment dashboard.Customers of both services are increasingly seeking an easy way to see their all of their investments in one place, even across multiple investment platforms. Integrations with Betterment and similar financial services have become one of the top requests from PeerStreet users. Both PeerStreet and Betterment were able to quickly respond to their clients’ needs using Quovo, the industry leader in financial account connectivity, to aggregate and integrate consumer financial data.This integration is another example of both PeerStreet and Betterment using technology to help provide greater transparency, ease of use and control. It stems from a core philosophy of listening to customers and being responsive to requests that fundamentally improve the user experience, even across multiple platforms.“At PeerStreet, we’re committed to providing more access, transparency and control for our customers. We’re continually working to improve the investor experience, even when it means integrating with other financial services,” said Alex Perelman, co-founder and CTO of PeerStreet. “There is an incredible ecosystem of investment platforms that are now available and by integrating, we’re able to provide our customers with a more comprehensive and transparent view into their overall portfolio.”Since launching in November 2015, PeerStreet has been rapidly increasing its investor base and adding features to its platform. This integration with Betterment and Quovo is an early indication of the types of expansions and integrations that will help customers see their PeerStreet investments in the context of their greater financial portfolio.PeerStreet continues to grow rapidly following the announcement of a $15 million Series A round in November last year, led by venture capital firm Andreessen Horowitz.ABOUT PEERSTREETPeerStreet is a marketplace lending platform for real estate debt. Founded by real estate attorney, Brew Johnson, former Google executive, Brett Crosby, and CTO Alex Perelman, PeerStreet allows investors to easily invest in high-yield real estate loans that were historically difficult to access. PeerStreet’s platform is secure and intuitive with an easy-to-use interface and a wealth of information and tools for every level of investor.
CONTACTSVestedJacqueline Gogel, 917-765-8720peerstreet@fullyvested.com
Following a record-breaking year, leading FinTech firm is honored by industry experts
PeerStreet was also nominated in the Benzinga Global FinTech Awards for the Lending and Alternative Investment Platforms, Tools and Apps category
MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--PeerStreet, a marketplace for investing in real estate backed loans, is honored to announce that it has been selected as a finalist in the LendIt USA 2017 awards in the Emerging Real Estate Platform category. Founded by serial entrepreneurs -- former Google executive Brett Crosby and former real estate attorney Brew Johnson -- PeerStreet is an award-winning, Andreessen Horowitz-backed platform, focused on democratizing access to investments in real estate debt.
PeerStreet’s achievements have been widely recognized by industry leaders and associations over the course of the past year. Its rapid growth and notable milestones have captured the attention of key industry players, including major media outlets and leading financial influencers, such as Mr. Money Mustache, Meb Faber of The Meb Faber Show, Invest Like a Boss and David Stein of Money for the Rest of Us.
“To be recognized by LendIt and by those within our industry is especially gratifying,” said Brew Johnson, Co-founder and CEO at PeerStreet. “We truly feel we’re breaking ground, and it’s exciting to see those achievements recognized by our peers.”
This honor comes on the heels of PeerStreet also being named:
“We truly believe that PeerStreet’s model is unique, as we are not a direct lender and pride ourselves on the innovative offering we bring to investors,” said Brett Crosby, Co-founder and COO of PeerStreet. “We have created an investment platform that allows investors to easily invest in high-yield real estate loans that were historically difficult to access. Our platform applies technology in a unique way that both enhances lenders’ abilities to purchase and sell loans, and also creates a seamless investment experience that more directly connects end investors to loans. The response from investors and lenders has been extremely positive and we are honored to be recognized as a top leader in the space by LendIt.”
The final LendIt award winners in each category are determined by 30 industry experts and thought leaders. The winners will be announced during the LendIt Industry Awards Show and Dinner taking place on Tuesday, March 7th, 2017, at 6:30PM, at the Edison Ballroom in New York City.
ABOUT PEERSTREET
PeerStreet is a marketplace lending platform for real estate debt. Founded by real estate attorney, Brew Johnson, and former Google executive, Brett Crosby, PeerStreet allows investors to easily invest in high-yield real estate loans that were historically difficult to access. PeerStreet’s platform is secure and intuitive with an easy-to-use interface and a wealth of information and tools for every level of investor.
CONTACTS
VestedJacqueline Gogel, 917-765-8720peerstreet@fullyvested.com
One of Silicon Valley’s Most Prominent Investors Joins PeerStreet’s Board
LOS ANGELES -- (BUSINESS WIRE) -- PeerStreet, the leading marketplace for investing in real estate backed loans, today announced a Series A funding round led by Silicon Valley venture capital firm Andreessen Horowitz.Alex Rampell, general partner at Andreessen Horowitz, led the investment and will take a seat on PeerStreet’s board. Additionally, The Kaiser Family Foundation, Rembrandt Venture Partners, Montage Ventures and others participated in the round. Previous rounds included Michael Burry of Scion Asset Management; Adam Nash, former CEO of Wealthfront; Toba Capital; LeFrak and other notable investors."PeerStreet is one of the fastest growing marketplace lenders we've seen, scaling to $165 million in originated loans in a little over a year, with great returns against a secured asset,” said Rampell. “They have a unique distribution model that allows them to leverage existing lending networks to lower loss rates, and grow without direct marketing."PeerStreet opens up previously difficult to access investments in real estate backed loans to accredited investors. The funding comes just over one year since PeerStreet launched its investment platform in October 2015. This investment round comes on the heels of a significant first year for PeerStreet. To date, the firm has onboarded thousands of investors, funded over $165 million in loan investments and returned more than $50 million to investors; all with zero losses. Additionally, PeerStreet has significantly expanded its national footprint, working with more than 50 lenders and offering investments across half the country.“I speak for the entire team at PeerStreet when I say how incredibly excited we are to include Andreessen Horowitz on the roster of stellar investors in our company,” said Brew Johnson, CEO and co-founder. “This round of funding will help us further execute on our goal of building a world class investment platform for real estate debt.”PeerStreet applies technology and big data in a unique way that both enhances lenders’ abilities to purchase and sell loans, and also creates a seamless investment experience that more directly connects end investors to loans. The firm is using marketplace dynamics to fundamentally transform real estate finance.“This is another strong signal to our customers, partners and lenders that our business is on the right trajectory to fulfill our mission of connecting investors more directly with loans,” said Brett Crosby, COO and co-founder. “Our approach benefits the entire ecosystem by providing more transparency, access and control to mortgage finance.”About PeerStreetPeerStreet is a platform for investing in real estate backed loans. Founded by real estate attorney, Brew Johnson and former Google executive, Brett Crosby, PeerStreet allows investors to easily invest in high-yield real estate loans that were historically difficult to access. PeerStreet’s platform is secure and intuitive with an easy-to-use interface and a wealth of information and tools for every level of investor.
Online platform for investing in real estate debt experiences rapid growth
Growing market demand for yield opportunities $150 million in funded investments, zero losses
LAS VEGAS--(BUSINESS WIRE)--PeerStreet, a marketplace for investing in real estate backed loans, today announced numerous milestones and significant growth since opening the platform to all accredited investors at Money 20/20 last October. The platform has funded $150 million in investments with zero losses, offering investors average annualized returns between 6% and 12% to date and a weighted portfolio LTV of 65%. PeerStreet allows for unprecedented diversification in this asset class, while also providing investors more control over their investments with both manual and automated options.With thousands of investors active on the platform, PeerStreet continues to see demand increase as a wide range of investors seek out opportunities for yield. Throughout its first year open to the public, the company has also announced major product enhancements, including better options for retirement investing, an Automated Investing tool and instant funding capabilities, to name a few.“We launched PeerStreet a year ago with the singular goal of opening an asset class to all investors in a way that wasn’t historically possible,” commented Brew Johnson, Co-founder and CEO of PeerStreet. “We’re incredibly proud of what we have built and accomplished in the past 12 months, but we have just scratched the surface.”PeerStreet’s achievements have been widely recognized by industry leaders and associations. PeerStreet was ranked #1 in Real Estate Crowdfunding Review and named Think Realty’s Innovator of the Year in Lending.“The past year has been the beginning of an incredible journey for our company,” Brett Crosby, Co-founder and COO at PeerStreet, noted. “We are especially excited about the team we’ve developed and furthering our goal of bringing more access, control and transparency to this asset class. We couldn’t have done it without our incredible investors and lenders, especially those who have helped spread the word this past year and continue supporting PeerStreet.”
About PeerStreetPeerStreet is a platform for investing in real estate backed loans. Founded by real estate attorney, Brew Johnson and former Google executive, Brett Crosby, PeerStreet allows investors to easily invest in high-yield real estate loans that were historically difficult to access. PeerStreet’s platform is secure and intuitive with an easy-to-use interface and a wealth of information and tools for every level of investor.
ContactsPeerStreetJessica Murraypress@peerstreet.com
orVestedJacqueline Gogel, +1 917-765-8720peerstreet@fullyvested.com
