LOS ANGELES--(BUSINESS WIRE)--PeerStreet, an award-winning platform for investing in real estate backed loans, is excited to announce that it has launched a new investment product to provide increased liquidity for accredited investors at 30-day terms.
PeerStreet continues to be an innovative force in the real estate debt investment space. PeerStreet’s unique business model as a curated marketplace for investing in real estate backed loans empowers both investors, as well as lenders, to independently participate in alternative investments. PeerStreet connects lenders to the global capital markets while allowing investors to diversify in a way never before possible.
The 30-Day Notes product, which launched quietly in October as a pilot program to test investor appetite, is now offered monthly because of positive results platform-wide. The product provides investors more liquidity by allowing them to invest in notes with 30-day terms. They can put short-term cash to work in real estate backed loan investments in a completely new way. Like all PeerStreet investments, these notes are vetted for quality by PeerStreet’s proprietary software and a team of real estate professionals before they are offered to investors. Since we first launched this product, the average amount invested in a 30-Day Note per investor has more than doubled. PeerStreet plans to continue growing and iterating on the program.
While this is significant for investors with shorter-term investment goals than the typical twelve-month term of loans in this space, it is just one example of the type of innovation that is possible as PeerStreet continues to grow and make this asset class directly available to more investors.
“As a former real estate attorney, I’ve always loved this asset class. I’ve long believed that a platform like PeerStreet would allow people to not only diversify their investments across real estate backed loans but also change how people invest in these loans,” said Brew Johnson, Co-Founder and CEO of PeerStreet. “We’ve created an ideal platform for innovation in this space. This industry needs a spark of more creative models for investing. We are making this asset class more accessible, which benefits not only the end investor but lenders and borrowers, too.”
“Having spent ten years at Google working with incredibly smart people innovating in the tech space, I’ve always thought we could apply that to other industries that are equally ripe for improvement,” said Brett Crosby, Co-Founder and COO of PeerStreet. “As we apply both technology and the tech approaches that I learned at Google to the mortgage finance space, the entire industry can benefit.”
PeerStreet offers 30-Day Notes to all accredited investors on the platform, which provides investors with an easy and transparent way to retain liquidity. According to each investor’s individual goals, they can elect to reinvest their funds for another 30-days or redeem their capital. Investors can diversify their portfolios across multiple factors and customize their exposure to the real estate debt market.
ABOUT PEERSTREET
PeerStreet is an award-winning, Andreessen Horowitz-backed platform focused on democratizing access to real estate debt. The company provides investments in quality, 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.
The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman.
