PeerStreet, a platform for investing in real estate backed loans, today announced that it is launching a new fund strategy that will expand the ways investors can access real estate investments via its platform, providing them with more options to diversify, expand, and customize their real estate debt portfolios by capturing new opportunities in the space. Under this new strategy, PeerStreet is launching the Peer Street Credit Opportunity, LP (the “Credit Opportunity Fund”), which will allow investors to take advantage of changing market conditions and gain exposure to opportunities that weren’t previously available on PeerStreet, such as distressed debt, warehouse financing and subordinate investments.
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“This was the next logical step in the evolution of our marketplace and provides more options for different investment preferences,” said Brew Johnson, cofounder and CEO of PeerStreet. “Just like investors on Robinhood or TD Ameritrade can choose whether to buy individual stocks, or invest in ETFs and mutual funds, we are providing similar options to our real estate investors. Our goal is to continually expand our products to serve our customers whether they are individuals, family offices, RIAs, or institutions.”
PeerStreet pioneered fractional investing in real estate loans via its marketplace, making the process of buying into real estate loans similar to buying stocks. To date, PeerStreet has focused on providing the tools and resources investors need to select, buy, and build their own real estate debt portfolios – though the ability to invest in funds has been a frequent request from investors. The launch of this new fund strategy furthers PeerStreet’s mission to continuously unlock value for investors.
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“PeerStreet investors are already, in essence, creating their own curated funds either manually or through our automated investing features. But some investors have made it clear that they would prefer to deploy larger amounts of capital at once into different strategies. We are giving them an easy way to do that,” said Brett Crosby, cofounder and COO of PeerStreet. “This strategy allows us to match investors to shifting opportunities that are made available through our nationwide network of lenders.”
PeerStreet’s growth recently earned the company a place within the top 25 in Deloitte’s 2019 Technology Fast 500 Ranking of fastest-growing technology companies and by Forbes as a top startup employer in the world. With recent recognition for both its award-winning culture and technological innovation, PeerStreet has continually adapted as it has grown to capitalize on a clear need in the mortgage finance space for easy, transparent real estate debt investing.
