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 PeerStreet
PeerStreet 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.
