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peerstreet.com

Founded Year

2013

Stage

Loan | Alive

Total Raised

$125.96M

Last Raised

$3.5M | 2 yrs ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About PeerStreet

PeerStreet is an investment platform focused on democratizing access to real estate debt. The company provides investments in short term, real estate backed loans. PeerStreet 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 real estate knowledge and borrower relationships. The model allows for more borrowers to access capital and improve their local communities, one house at a time.

PeerStreet Headquarter Location

2121 Park Place Suite 250

Los Angeles, California, 90245,

United States

844-733-7787

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Research containing PeerStreet

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned PeerStreet in 2 CB Insights research briefs, most recently on Jun 8, 2021.

Expert Collections containing PeerStreet

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

PeerStreet is included in 4 Expert Collections, including Real Estate Tech.

R

Real Estate Tech

2,258 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

W

Wealth Tech

1,753 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech 250

748 items

F

Fintech

7,442 items

US-based companies

Latest PeerStreet News

Peerstreet – Crowd Investment in Real Estate Mortgages by Alexander Gornyi

Jun 1, 2022

The post was originally published in Russian on  Startup of the Day. Alexander  kindly agreed to republish what we think is of great value to our readers. Many perceive that real estate is the most reliable thing in the world, loaning on the security of a house is a pleasure. But only banks and rich folks can afford such pleasure, a simple everyday person doesn’t have the money to loan so much, and there’s a lot of paperwork involved, too. The situation asks for a crowdfunding platform, and it exists. Peerstreet , the American startup of the day, finds house owners in need of a loan offline, and then collects investor money online. The user sees lists of available options, basic info on the house, the amount, the interest and the term of the loan. A couple of clicks, – and their share goes to the common amount. Those willing to diversify or not willing to choose, switch on the autopilot mode, you adjust it once – and no more need for considerations, Peerstreet will distribute the budget itself. The amount is sufficient, the lender gets their loan, then they pay the interest, and the startup distributes the payments among the investors and deducts its commission at that. The platform doesn’t take any financial risks, the creditor will pay for the possible default. Peerstreet will sell the real estate under the mortgage and do the paperwork, but if it will be insufficient – you should be prepared for it, this is an investment and not an all-prize lottery. The maths looks like this: a typical loan comprises USD 500K for 12-20 months with 7.5% annual interest minus 0.5-1% Peerstreet’s commission. A residential home with a price of about USD 650K is under the mortgage. The rates seem amazingly high for the USA, unfortunately it wasn’t possible to figure out where the loaners come from. The startup’s PR includes the regular sophistry about ‘super professional team with extensive experience finding exciting ideas.’ The investor’s risk consists of fraud, Peerstreet’s lack of professional skills to evaluate the real estate, and the next crisis that will dramatically drop the real estate prices – roughly it will be a lot less than 7%, investment is possible. So the clients invest, a lot at that, the average check of one loan participant is about three thousand dollars. Altogether, the company processed 900 million in 4 years – this is roughly one deal a day and revenue of several million a year. The startup raised USD 50M of investment, 30M of which in the recent round. — This is a rerun from 2018. The company didn’t grow into a unicorn yet, but it did occupy its niche, it’s thriving and throbbing. Without overthinking, it seems like stock market problems represent a good time for Peerstreet, the investors are forced to take a good look at something other than the stock. It’s probably possible to launch something similar for commercial real estate in Russia.

PeerStreet Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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  • When was PeerStreet founded?

    PeerStreet was founded in 2013.

  • Where is PeerStreet's headquarters?

    PeerStreet's headquarters is located at 2121 Park Place, Los Angeles.

  • What is PeerStreet's latest funding round?

    PeerStreet's latest funding round is Loan.

  • How much did PeerStreet raise?

    PeerStreet raised a total of $125.96M.

  • Who are the investors of PeerStreet?

    Investors of PeerStreet include Paycheck Protection Program, Andreessen Horowitz, Thomvest Ventures, World Innovation Lab, Colchis Capital and 15 more.

  • Who are PeerStreet's competitors?

    Competitors of PeerStreet include AlphaFlow, Roofstock, Groundfloor, Hometap, YieldStreet and 14 more.

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