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PeerStreet opens to all accredited investors

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PeerStreet, a marketplace for investing in real estate backed loans, has opened its platform to all accredited investors. 

Before this, PeerStreet was available by invitation only. During its pre-launch phase, PeerStreet funded more than USD35 million in Real Estate loans secured by 78 properties, putting the company on a path to outpace the growth patterns of many of the most successful consumer debt investment platforms. The annualised net yield to investors to date has ranged between 7 per cent and 12 per cent.
 
“With the launch of PeerStreet, we are democratising a fantastic asset class – real estate debt – that has always existed, but has been extremely difficult for most investors to access,” says Brew Johnson, CEO and Co-founder of PeerStreet. “PeerStreet is unique in that our loans are sourced from a nationwide network of professional loan originators, which gives us the ability to scale while providing investors access to the highest quality loans.”
 
COO and Co-founder, Brett Crosby says, “Our proprietary, big-data-driven underwriting process provides an additional level of risk mitigation on top of our loan origination model, while our user interface makes investing simple, intuitive and secure. Unlike platforms that originate their own loans, our professional origination partners know their local market in terms of property values and local economic conditions. This reduces risk for investors on our platform.”
 
PeerStreet makes investing in real estate backed loans as easy as investing in stocks. The platform offers investors flexibility through loan terms as short as six months and the ability easily create a portfolio of loans with individual investments starting as low as USD1,000. PeerStreet also offers a unique Automated Investing capability that matches investors with loans that meet their investment objectives. There is even a self-directed IRA option which has tax-deferred benefits.
 
As part of its public launch, PeerStreet is running a referral program. Users who invite a friend will receive a 1 per cent Yield Bump on their next investment once the friend makes his or her first investment. The friend will also receive a 1 per cent Yield Bump that will be applied to his or her next investment.

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