Overall Portfolio Loan Performance

PeerStreet has always believed the more transparent, educational, and honest we are as a company, the better off all stakeholders in our marketplace will be. To that effect, PeerStreet continually strives to provide investors with more historical and current data of its loan performance. 

Now more than ever, it is important to analyze trends and metrics to understand how macroeconomic factors can affect your portfolio’s health. By surfacing granular data, our hope is investors can make more confident, data-driven investment decisions. Continued transparency is a mantra we are taking forward.

This report outlines the loan performance PeerStreet has seen historically and how that performance has been impacted by COVID-19. It is worth noting that, due to the pandemic, certain qualifying borrowers were granted mortgage payment deferrals. Deferred loans are categorized as paid current in the data sets below.

Key Definitions: 

L-30, L-60, L-90, L-120: Late 30, Late 60, Late 90, Late 120+ this means that a loan has not paid a payment in 30+ days.

Delinquent: PeerStreet classifies a loan as ‘delinquent’ when it is 60 or more days late (Late 60+). 

Foreclosure: The action of enforcing the lender’s rights under the loan documents, and potentially taking possession of the underlying property, when the borrower fails to keep up their payments. Once the foreclosure process starts, the most common outcomes are either: (i) the loan is reinstated or pays off before the property is foreclosed on or (ii) PeerStreet takes ownership of the property at auction resulting in an "REO". Properties taken over as REO are typically then marketed to be sold.

Default: A loan is labelled as being in “Default” when PeerStreet commences the foreclosure process. Foreclosure timelines vary from state to state.  

REO: “Real Estate Owned,” we have taken ownership of the property, usually as a result of the foreclosure process, but we have not yet sold it. 

REO Sale: Sold the property.

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The Percent of L-30, L-60, and L-90 Late Paying Loans In The Overall Portfolio by Late Status (omitting L-120 and REOs, which are addressed further below) 

*Late status buckets are discreet groupings based on month end loan status. Data includes all active loans serviced by PeerStreet within the reporting month through August 31, 2020, except for L-120 and REO loans that are addressed further below.

Key Takeaways: 

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Historical MoM Change in Loan Delinquency Status


*Data includes all month over month historical transitions through August 31, 2020, unless described otherwise. The percentages are the historical probabilities of experiencing one of three distinct actions within a transition (from one month to the next). In this exhibit, CURRENT is the lowest delinquency status and LATE 120+ is the highest. A loan may not move more than one status to the right in a given month, but may move left one or more statuses.

Key Takeaways: 

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The Percent of All Cohorts of Late Paying Loans In The Overall Portfolio (including Late 120 and REOs)

*Late status buckets are discreet groupings based on month end loan status. Data includes all active loans serviced by PeerStreet within the reporting month through August 31, 2020. L-120+ includes all loans more than 120 days late with the exception of loans that have transitioned to REO.

Key Takeaways: 

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Total Numbers of Loans That Have Gone Into Foreclosure and Corresponding Returns 

*Data includes all historical bridge loans serviced by PeerStreet that have paid off by August 31, 2020. The Foreclosure Filed category consists of loans for which a foreclosure complaint or notice of default has been filed. Loans (and REOs) that are still outstanding are omitted from this chart, as final returns for these loans have yet to be determined.

Key Takeaways: 


*Annualized return is calculated on distributions to investors. This data includes only loans (and REOs) that paid off by August 31, 2020 and excludes loans that are still outstanding, as the final return for outstanding loans has yet to be determined.

Key Takeaways: 

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Loan Performance Based on FICO Score 

*Data includes all historical loans serviced by PeerStreet excluding loans with limited payment history (i.e. excluding loans purchased during the six-month period ending August 31, 2020).

Key Takeaways:

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Historical Probability of Delinquency as a Product of FICO and Loan Size 

*Data includes all historical loans serviced by PeerStreet excluding loans with limited payment history (i.e. excluding loans purchased during the six-month period ending August 31, 2020).

Key Takeaways: 

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DISCLAIMER: the data provided herein was generated from PeerStreet’s portfolio performance to date, may not be exhaustive or reflect market-wide trends, and is provided solely for informational purposes. Past performance is not an indicator or predictor of future performance. PeerStreet is not an investment adviser and nothing contained herein is, or should be construed as, investment advice. Investors should not rely on PeerStreet to make investment decisions and should independently evaluate the risks and merits of any investment opportunity themselves or in consultation with their own professional advisors.

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