PeerStreet’s Series B round was led by World Innovation Lab with participation from Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, Solon Mack and Navitas Capital; PeerStreet is a marketplace for fix and flip loans; the company said funds will be used to expand to new types of loans and that the company may also be adding more international investors. Source
The real estate platform PeerStreet temporarily paused lending last month due to the coronavirus; now they have resumed lending with...
PeerStreet is a platform founded by Brew Johnson? and Brett Crosby; initially launched to take advantage of inefficiencies in the real estate market, the platform has grown to service a wide range of accredited investors; the platform has originated over $200 million in real estate loans; it attributes its success to the platform's focus on short-term, first position lien loans, and a robust legal and compliance team; Brew Johnson will be speaking at LendIt USA 2017 on a panel discussing "Residential & Commercial Real Estate: What's next for real estate crowdfunding?" Source
PeerStreet announced that they have crossed $150 million in originations after one year in business; the company launched at Money 20/20 last October; so far the platform has experienced zero losses, providing returns between 6% and 12%; PeerStreet's weighted portfolio loan-to-value is 65%. Source
PeerStreet, a platform for investing in real estate backed loans, has now integrated with Personal Capital which is powered by the Envestnet | Yodlee data aggregation platform; customers will now be able to view their PeerStreet positions within their investment portfolio on Personal Capital; this is the third such integration as PeerStreet recently announced integrations with Wealthfront and Betterment; "Many PeerStreet customers have asked for this integration with Personal Capital. We're always working to improve the experience for our customers and provide greater control and transparency," said Brett Crosby, co-founder and COO of PeerStreet." Source
I am certainly late with this but I have finally found the time to bring you my quarterly returns report...
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