LOS ANGELES, Calif.--June 12, 2018-- PeerStreet, a marketplace for investing in real estate backed loans, is honored to announce that it has won Comparably’s 2018 Culture Awards in the following categories:
Comparably, a compensation, culture and career monitoring website, recently released its 2018 Culture Awards. Based on employee sentiment, these lists recognize companies of all sizes across the nation, including Boston, Los Angeles, Chicago, Salt Lake City and Washington, D.C., helping to drive positive culture change. "On behalf of our entire team at PeerStreet, I'm honored to accept these awards," said Brew Johnson, CEO of PeerStreet. "I couldn't be more proud of the company we're building and the culture we've developed, even as we continue to grow. Our goal is to transform real estate lending and investing, so we’ve built an inspiring culture and transformative teams to take us there."Brew Johnson founded PeerStreet alongside co-founder and COO, Brett Crosby. In his role as CEO, Johnson plays a critical role in driving the direction of the company and its commitment to democratizing access to real estate debt as an asset class for investors. The management team at PeerStreet built the company with diversity and inclusion as core values of its collaborative, and dynamic corporate culture - a continuing priority as it scales its mission of making the entire real estate lending ecosystem more transparent and efficient. "Comparably takes a data driven approach to show how specific demographics of employees rate their leadership and companies to make workplaces more transparent and rewarding," said Jason Nazar, Comparably CEO. "PeerStreet's inclusion in four of our leadership awards showcases its CEO and executive team as among the best of the best, providing a positive framework for others to follow."Recent accolades for PeerStreet include being named one of the “10 Best Startups to Work For in Los Angeles” and one of the “Top Fintechs to Work For”. Beyond culture, PeerStreet is recognized as a leader in the industry winning numerous awards and being included in prestigious lists such as the CB Insights Fintech 250 and HousingWire’s Tech 100. The company is growing quickly and hiring for talent across multiple functions. Learn more: https://www.peerstreet.com/careers
Los Angeles, Calif.--June 1, 2018-- PeerStreet, a marketplace for investing in real estate backed loans, is honored to announce that Nia Patel has been named to HousingWire’s 2018 Rising Stars list of young leaders to watch in the housing industry. HousingWire’s 2018 Rising Stars list recognizes talent that demonstrates leadership and innovation, inspiring not only those within their company, but also their communities and the industry at large. At PeerStreet, Nia began as an entry level Real Estate Analyst but quickly climbed the ranks to her current role as Manager of Underwriting. Nia currently oversees the entire underwriting team at PeerStreet, which ensures the loans purchased by PeerStreet meet its underwriting criteria. In a few short years, she went from starting on the team to managing it. She’s now responsible for overseeing a group of over twenty-five people - and growing. Nia’s role and her team is core to the underwriting of the loans offered on PeerStreet’s platform, and her commitment and dedication to the job is evident every day in her work. Nia previously worked at Morgan Stanley, where she was on the Private Wealth Management team. “It was clear from the beginning that Nia is an outstanding talent and exemplifies everything you look for in a colleague: intelligent, hard working and fun to be around,” said Brew Johnson, Co-Founder and CEO of PeerStreet. “She and her team are crucial to ensuring that PeerStreet can continue to scale while maintaining our standard of quality for our customers. We can’t wait to see what the future holds for her.”“Nia came in with a positive attitude and incredible work ethic that helped her become a key part of the company as soon as we hired her,” said Brett Crosby, Co-Founder and COO of PeerStreet. “She’s proven herself to be both a leader and a team player. She’s a perfect example of what we look for here at PeerStreet.”Nia is one of 40 Rising Stars on HousingWire’s list, all of whom represent a variety of occupations within the housing industry. “This year’s Rising Stars list represents the only independent award for young professionals in the mortgage space,” said Jacob Gaffney, editor-in-chief of HousingWire. “It’s a comprehensive snapshot of who’s who in our business and the most impressive list to date.” Nia exemplifies the talented team that PeerStreet continues to build. The company has been able to maintain a positive and high-impact culture even as it scales rapidly. Recent accolades for PeerStreet include being named one of the “10 Best Startups to Work For in Los Angeles” and one of the “Top Fintechs to Work For”. The growing company also recently added two senior hires, including a new Chief Real Estate Officer as well as a new Head of Commercial Real Estate.
LOS ANGELES, Calif.-- May 23, 2018-- PeerStreet, an award-winning platform for investing in real estate backed loans, today announced one billion in loans have been funded through its marketplace since its launch. This announcement comes after the company announced the close of its $30 million Series B last month.As investor appetite for short-term real estate backed assets has grown, PeerStreet has established itself as the premier platform for investing in real estate debt and has scaled at an accelerated rate. Just one year ago, the company announced that it had funded $300 million in loans. By September, it had surpassed $500 million. And now - $1 billion.Having historically focused on short-term bridge loans on non-owner occupied residential properties, PeerStreet is now expanding into other real estate asset classes including buy-to-rent, multifamily and small balance commercial real estate loans. The company recently announced two senior real estate hires, filling the roles of Chief Real Estate Officer and Head of Commercial Real Estate to help expand these programs. PeerStreet remains focused on its founding mission - to level the playing field between Main Street and Wall Street - by providing investors access to the unique asset class of real estate debt and a longer term capital source for non-bank lenders and borrowers.“It’s been incredibly gratifying to watch PeerStreet grow from an idea to where we are today, with over a hundred employees and a billion of loans funded,” says PeerStreet Co-Founder and CEO Brew Johnson. “Hitting milestones like this and seeing our business accelerate is a credit to a lot of hard work that has been put in by an amazing team, but we’re still just getting started. We’re more excited about what’s to come.”“We built this company by applying an ecosystem approach that we’ve seen work with some of the most important technology companies,” adds Brett Crosby, Co-Founder and COO. “If you look at companies like Google and Amazon, they’ve organized and connected a previously disorganized system which unlocked value for all the participants. We’re applying that same concept to the US mortgage finance industry - one of the largest financial markets in the world, but also one of the most opaque and inaccessible.”PeerStreet has won numerous accolades for both its technology and culture, including the LendIt Emerging Real Estate Platform Award, the Fintech Breakthrough Award for the Best Overall Peer-to-Peer Lending Platform, and being named one of American Banker’s Best Fintechs to Work for. The company has also attracted investors such as Michael Burry and Adam Nash as well as widely respected institutions including Andreessen Horowitz, World Innovation Lab, Felicis Ventures, Rembrandt Venture Partners, Montage Ventures, ThomVest, Colchis Capital and others. PeerStreet is hiring high-quality talent across a broad set of roles at https://www.peerstreet.com/careers.
LOS ANGELES, Calif. – May 1, 2018 – PeerStreet, an award-winning platform for investing in real estate backed loans, is excited to announce the appointment of John Devereux as Chief Real Estate Officer. He will be based in the firm’s headquarters in Los Angeles, California.As PeerStreet's Chief Real Estate Officer, John will be responsible for strategic oversight and management of the loans offered for investment on the platform. His purview will include business development, account management, underwriting, servicing and portfolio management. His past experience in building fast growing businesses will be very valuable as PeerStreet continues to scale efficiently and further expand their real estate debt investment offerings. John’s real estate background in both debt and equity combined with his vast operational experience will also add to PeerStreet's embedded institutional knowledge and further the firm’s long-term business objectives.“Following our Series B funding, PeerStreet has entered a new state of expansion and deepening our reach within the industry,” said Brew Johnson, CEO of PeerStreet. “John has incredible experience and is an industry leader at what he does; we are extremely pleased to have him on board.”Devereux brings over 28 years of real estate equity and debt experience including six years as EVP, Head of Commercial Real Estate at OneWest Bank and nine years as Principal at Colony Capital. Early on at OneWest Bank, Devereux was instrumental in growing the commercial real estate holdings from less than $500 million to more than $6 billion in under a year. In this role, he started and managed several groups: Special Assets, Portfolio Management and Bridge Lending. The CRE Bridge Lending Group originated over $1 billion annually in floating rate debt. At Colony, Devereux managed a portfolio valued at more than $1 billion of U.S. office, retail, multi-family and hospitality investments, and was responsible for identifying, evaluating and consummating commercial real estate joint-venture investments. Devereux graduated from Stanford University with a mechanical engineering degree, Claremont McKenna College with an economics degree and holds an MBA from UCLA.“The high-energy culture and the caliber of talent at PeerStreet attracted me to the business and the more I dug into the company and its mission, the more I found it extremely compelling,” said Devereux. “My experience and skills are a great fit at this stage of the company's evolution, and I look forward to applying them here.”This strategic hire comes at a momentous time for the company having announced earlier in the month that it had raised a $29.5 million Series B, with plans to increase it’s pace of hiring. The company also surpassed $900 million in loans funded and was included in HousingWire’s prestigious “Tech 100” list. PeerStreet has recently been named both one of the top startups to work for in Los Angeles as well as one of the top companies to work for in FinTech. Learn more at https://peerstreet.com/careers
LOS ANGELES, Calif.--April 5th, 2018-- PeerStreet, an award-winning platform for investing in real estate backed loans, today announced the close of a Series B funding round of $29.5 million to continue driving the company’s mission of democratizing access to real estate debt. The Series B round was led by World Innovation Lab. Existing investors Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, and others participated along with new investors, Solon Mack and Navitas Capital. The raise will accelerate PeerStreet’s growth. Specifically, PeerStreet will be broadening the type of real estate loans it cultivates from its network of lenders and hiring more world-class talent. As a two-sided marketplace, PeerStreet connects lenders with investors while creating incentives that align interests across participants. Real estate lenders are efficiently connected to the global capital markets while individual investors gain entry to an asset class which has been previously difficult to access. To date, PeerStreet has funded over $900 million in loan volume. “We believe PeerStreet’s approach of partnering with local, private real estate lenders is the optimal solution to create new liquidity for the existing real estate finance ecosystem,” said Steve Pretre, Venture Partner at World Innovation Lab, who will be joining PeerStreet’s board. “This approach lowers the marketplace cost for loan acquisition, and, most importantly, taps into the lenders’ unique knowledge of local markets and borrowers. This directly benefits investors by lowering both marketplace costs and loan risk. The result is a more efficient and effective marketplace for all parties.”The Series B follows another year of high growth for PeerStreet. The company more than doubled volume from the previous year and is on track to continue that growth trajectory. PeerStreet is now integrated with three prominent personal finance platforms including Wealthfront, Betterment, and Personal Capital. It has also significantly enhanced its suite of tools and analytics for lenders over the past year and released an innovative short-term investment product for investors seeking greater liquidity.“We’re incredibly excited to add World Innovation Lab to our growing list of remarkable investors,” said Brew Johnson, CEO and Co-Founder. “This investment validates our mission and will enable us to continue our growth with the goal of re-shaping real estate finance for the better.”“We’re using the transformative potential of technology to help people access investments in real estate debt in a way never done before,” said Brett Crosby, COO and Co-Founder. “At the same time, our model helps lenders get more capital to deserving borrowers who are directly improving the aging US housing stock and building up communities.”
LOS ANGELES-- March 8, 2018 --PeerStreet, an award-winning platform for investing in real estate backed loans, is excited to announce the appointment of Greg Galusha as Head of Commercial Real Estate. He will be based in the firm’s headquarters in Los Angeles, California.In this role, 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.“Investors have asked for more commercial debt opportunities through the platform and I can’t think of anyone better to expand our commercial efforts. We’re ecstatic to have someone of Greg’s caliber join the team.” said Brew Johnson, CEO of PeerStreet.Galusha brings more than 25 years of real estate investment management experience for both institutional and private capital to PeerStreet, having closed nearly 100 deals with a market capitalization of approximately $3 billion. Previous employment includes the Morgan Stanley Real Estate Fund, PCCP, Trammell Crow, Kearny Real Estate, and Amstar. At PCCP, he helped grow assets under management from $400 million to $6 billion in nine years. Greg was also instrumental in underwriting and closing the first non-performing loan auction ($1.3 billion face value) in China to foreign capital in 2001.“Progress in fintech is converging with a surging global appetite for yield, which is increasingly being sourced from alternative investments. PeerStreet is pioneering an end-to-end real estate debt investing solution which makes investing in alternatives easy for a much broader audience,” said Galusha. “I have observed PeerStreet's evolution for years and witnessed cautious and diligent execution. Respect, transparency, and customer service is consistently upheld by the PeerStreet team, and I’m excited about where I can add value.”
LOS ANGELES, Calif. - February 27, 2018 – LendIt Fintech, the world’s leading event in financial services innovation, recently announced that they have selected PeerStreet as a finalist in the Top Real Estate Platform category for the LendIt Fintech Industry Awards. This category recognizes companies that demonstrate a combination of performance, volume, growth, product diversity and responsiveness to stakeholders. Last year, PeerStreet won the Emerging Real Estate Platform award after being chosen as a finalist alongside several other industry leading companies. This recognition follows a year of tremendous growth for the company, which has surpassed over $750 million in loans funded, with zero losses to investors to date. PeerStreet was selected as a finalist out of hundreds of applicants worldwide and by more than 30 respected fintech industry experts who judged finalists representing innovation, emerging talent and top performers. PeerStreet is up for top honors within its award category. A winner will be announced at the LendIt Fintech Industry Awards Show and Dinner on April 10 at the LendIt Fintech conference in San Francisco. The prestigious awards ceremony will bring together 500 fintech influencers, entrepreneurs and thought leaders to honor the outstanding achievements in financial services innovation.“Given the field of worthy innovators in this space, we are thrilled to be chosen as a finalist for this category, which is reflective of PeerStreet’s highly successful growth trajectory,” said Brett Crosby, COO and Co-Founder of PeerStreet. “Our entire team has displayed incredible resolve in achieving impressive production milestones while we’ve also invested in building technology to continually strive to streamline the high-quality underwriting process our investors have come to expect.”“This year’s finalists are the most innovative companies disrupting the future of finance in order to improve the quality of daily life,” said Peter Renton, co-founder and co-chairman, LendIt Fintech. “We were yet again impressed by the number of high-caliber nominees and look forward to celebrating these companies that have made impressive contributions to the fintech industry.”Last year, PeerStreet successfully integrated with three prominent personal finance platforms including WealthFront, Betterment and Personal Capital. PeerStreet continues to innovate new investment products including a product for investors seeking short term liquidity.For more information about PeerStreet, visit www.peerstreet.com. To view all LendIt Fintech Industry Award finalists, visit www.lendit.com/usa/2018/awards.
LOS ANGELES, Calif. --December 5, 2017-- PeerStreet, a marketplace for investing in real estate backed loans, is honored to announce that its Co-Founder and CEO, Brew Johnson, has been named to HousingWire’s 2017 list of Vanguard Award winners. HousingWire’s 2017 Vanguard Award recognizes top leaders from all areas of the mortgage industry, including those in lending, real estate and investing. Brew Johnson founded PeerStreet alongside COO, Brett Crosby. In his role as CEO, Johnson plays a critical role in driving the direction of the company and its commitment to democratizing access to real estate debt as an asset class for investors. Johnson has a long history in the real estate and tech industries, having begun his career as a real estate attorney, advising some of the largest real estate development and investment firms in the country. Under Johnson’s lead, the company continues to scale its mission of making the entire real estate lending ecosystem stronger and more efficient.“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. “I am extremely lucky to have him as a friend and partner in our work to offer investors quality real estate loan investments, and to create a more accessible and robust secondary market for real estate backed loans.”The HousingWire Vanguard Award winners are chosen for their deep expertise across a wide range of functions within the housing industry, but all with a shared common trait: the ability to lead, motivate and rally their employees. All are outstanding leaders who utilize their resources to solve problems, create solutions and drive innovation in their respective areas in the industry. This award win comes on the heels of PeerStreet’s most recent announcement, the launch of innovative and industry-leading lender tools, powered by HouseCanary Data.
LOS ANGELES, Calif. --November 13, 2017-- PeerStreet, an award-winning platform for investing in real estate backed loans, is excited to announce that it is aggressively expanding available resources and tools for private real estate lenders on its platform. PeerStreet is a secondary marketplace that provides capital and technology for private lenders to help them compete more effectively against national lenders who have an increasingly pronounced presence in certain local markets. PeerStreet lenders can now access detailed Property Valuation Reports which allow lenders to analyze property data and adjust property details to generate highly accurate valuations that reflect current or future market conditions. The data that makes this possible is licensed by PeerStreet from HouseCanary, a leading provider of real estate valuation data and analytics. PeerStreet is providing this service to our lenders free of charge through our Lender Platform. “Currently, our platform is a robust secondary marketplace for lenders. We’ve purchased over half a billion in loans from local lenders, but we see great value in developing practical tools to grow lenders’ businesses beyond providing capital to them,” said Brew Johnson, Co-Founder and CEO of PeerStreet. “In addition to providing lenders granular data via valuation reports, we also offer standardized loan documents, submarket data and potential borrower leads.”“The valuation reports are very valuable to me and my business,” said T.R. Hazelrigg IV, President & Co-Founder of Avatar Financial Group. “The tool is helpful in confirming our value assumption, which I’ve been able to utilize with properties we are currently evaluating. I will run these reports moving forward to complement my analysis of investments.” “This is exactly what we want to support,” commented Brett Crosby, Co-Founder and COO of PeerStreet. “By supporting the ecosystem of private lenders through capital, technology and resources, we want to make lending local again. Our business model is unique in that it isn’t competitive to lenders. Our presence benefits the existing ecosystem’s participants. We’re approaching this space with a model I’ve applied previously in my tech career at Google and even before that. This is just the beginning of PeerStreet unveiling tools to help local lenders become more competitive in their markets.”PeerStreet onboards new lenders every week and is looking to expand relationships with private lenders who are experts in their regions. Today, PeerStreet has transacted with over a hundred lenders in over 34 states. PeerStreet’s team of real estate professionals can help lenders determine if their loans fit within PeerStreet’s lending criteria. Look for PeerStreet at the AAPL Conference in Las Vegas, Booth #308 for more information about how to work with PeerStreet.
LOS ANGELES, Calif. -- October 23, 2018--PeerStreet, a marketplace for investing in real estate-backed loans, is excited to announce its affiliate program at FinCon 2017. Backed by Andreessen Horowitz, PeerStreet's platform provides investments in high-yield, short-term real estate loans. The newly launched program will allow PeerStreet to partner with the personal finance community to better serve both current and future investors.PeerStreet’s goal is to level the playing field between Wall Street and Main Street by making it easier to invest in a previously difficult to access asset class. PeerStreet aims to reach more investors through the affiliate program by working with financial writers and influencers to share thought leadership and market information about this unique space. In addition to high-conversion advertising opportunities, affiliate program partners will also have access to PeerStreet's dedicated Affiliate Director, who can provide deep insight into PeerStreet’s service and offer tailored support.“We are launching the affiliate program to support personal finance writers, bloggers and podcasters in their mission of helping their readers make better investing decisions,” said Brett Crosby, COO and Co-Founder of PeerStreet. “Real estate debt is a new asset class for a lot of people, and we want to help educate investors about its value and potential. We are extremely excited to be partnering with writers who make it a goal to share interesting new investment options.”PeerStreet investors benefit from historical annualized returns between 6-10 percent, automated investing and access to an easy-to-use interface. An investor dashboard further provides transparency on loan details for the investor. To date, PeerStreet has funded over half a billion dollars in loans, with zero losses to investors.Since launching to the public in November 2015, PeerStreet has rapidly increased its investor base and won multiple industry awards, including best peer-to-peer lending platform from the FinTech Breakthrough Awards, innovator of the year in lending from Think Realty Magazine, top emerging real estate platform from the LendIt Industry Awards, and was recently listed as one of the “Top 10 Startups To Work For In Los Angeles”.Look for PeerStreet at FinCon 2017, Booth #704 for more information regarding the Affiliate Program.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.