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
Disruptive real estate marketplace lender funds over $75M and returns $25M to investors
Record-setting growth fueled by heightened interest in high-yield real estate loan investing
LOS ANGELES--(BUSINESS WIRE)--On the heels of last week’s product launches, PeerStreet, a marketplace for investing in real estate backed loans, today announced that it has reached several major growth milestones. The platform has funded more than $75 million, with thousands of investors now active on the platform. Additionally, the firm has returned $25 million to investors with zero losses to date.“With today’s rock-bottom interest rates and recent uncertainty in other areas of peer-to-peer (P2P) lending, investors need new alternatives that deliver both attractive risk-adjusted returns and more transparency,” said Brew Johnson, Co-founder and CEO at PeerStreet. “We’re opening up access to unique real estate investment opportunities in a way that enables investors to easily diversify their portfolios.”PeerStreet has seen investors, who were previously excited about P2P consumer loans, moving at an accelerated pace to real estate debt investments, fueling the company’s most recent growth in the second quarter. In the month of May alone, PeerStreet added over $11 million of new capital as investors diversify away from consumer debt investments, further demonstrating the increased appetite for this asset class.“Market forces have been driving our velocity as customers discover the benefits of our platform and our asset class,” said Brett Crosby, Co-founder and COO at PeerStreet. “As other platforms are struggling, we’re fortunate to be experiencing increased growth and momentum.”PeerStreet officially opened to all accredited investors in October 2015 and provides investors a unique opportunity to invest in institutional-quality real estate backed loans originated by professional lenders across the country. Last week the company also announced major updates to its Automated Investing and retirement investing products, as well as a new instant bank transfer feature that helps investors participate in deals as soon as they initiate a deposit. PeerStreet also received accolades from Think Realty magazine who named PeerStreet the 2016 Innovator of the Year in Lending.About PeerStreetPeerStreet 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.ContactsPeerStreetJessica Murraypress@peerstreet.com
orVestedJacqueline Gogel, +1-917-765-8720peerstreet@fullyvested.com
LOS ANGELES -- (BUSINESS WIRE) -- PeerStreet, a marketplace for investing in real estate backed loans, today announced the launch of several product enhancements that further align the product experience with the company’s core values of access, control and transparency. Today’s announcements include updates to the company’s Automated Investing tool, new instant account funding capabilities, a new notifications center and payment schedule, and a more streamlined retirement investing program.
New Automated Investing FeaturesPeerStreet’s Automated Investing product helps match investors with loans that meet their specific investment criteria. Now investors will be able to access more of the investments they want, with more granular control and specific customization. The Automated Investing allocation system has also been updated to help accommodate increased demand for PeerStreet loans.“Due to the popularity of Automated Investing, we are rolling out a series of improvements to give investors a better opportunity to get into high-demand offerings,” said Brett Crosby, Co-founder and COO at PeerStreet. “Our new allocation system is designed with our customers top of mind, ensuring that more people get access to investments that are frequently oversubscribed on the platform.”Instant FundingThe second major update helps investors put funds to work immediately after initiating a bank transfer. Instead of waiting three business days for a bank transfer to clear, PeerStreet investors will now be able to instantly use funds after initiating a transfer.“With the launch of instant funding, investors can see an investment they want and get in without having to wait three days for the bank to transfer their funds,” said Brew Johnson, Co-founder and CEO at PeerStreet. “We want to make the investing experience as seamless as possible and this is a big step forward in removing friction from the process.”New Notifications Center and Distribution SchedulePeerStreet also launched a more robust notifications center on its investment dashboard to give investors more transparency into the status of specific loans and payments. In an effort to further streamline the payment process, the company also launched a new payment schedule so investors can better anticipate timing for regularly scheduled distributions.Streamlined Retirement InvestingThe company has seen significant new interest from investors seeking to migrate retirement funds to PeerStreet due to the associated tax benefits. So PeerStreet has made the process of investing through a self-directed IRA (SD IRA) much faster and easier.About PeerStreetPeerStreet 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.
