PeerStreet

lendingother lending

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 19/01/2021

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About

PeerStreet is a first-of-its-kind online platform for investing in real estate debt. The platform represents a two-sided marketplace that, on one side, provides hassle-free access to an asset class that was previously inaccessible to individual investors: short-term, real estate backed loans. On the other side of the marketplace, PeerStreet connects a vetted network of private lenders with diverse sources of capital to help fuel their growth and bring lending back to their local communities. The companys vision is to align the interests of this ecosystemfrom lenders and investors to borrowers and the local communities they represent.PeerStreet was founded to help solve many of the problems in the mortgage finance space that led up to the global economic collapse in 2008, and level the playing field between Wall Street and Main Street. PeerStreet is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby, and Y Combinator alumnus Alex Perelman. Backed by noted venture capital firms including Andreessen Horowitz, PeerStreet was founded in 2013 and has had over $2 billion transacted through the platform as of March 2019.

MEDICI Analysis

PeerStreet is an online marketplace that allows investors to easily invest in high-yield real estate loans that were historically very difficult to access. PeerStreet is secure and intuitive with an easy-to-use interface and has made participating in these deals is as simple as buying stocks. The company allows accredited investors to invest in short- and mid-term real estate loans directly, alongside institutional and other large lenders with individual investments starting from as low as $1,000.

Focus

PRODUCTS & SERVICES

Real-estate loan marketplace for accredited investors. It is easier to invest in real-estate loans for individual investors.

REVENUE MODEL

PeerStreet charges servicing fee on each loan offered for investment. It charges 1% off the interest payments on the provided loans.

MAIN CLIENTS

Accredited Retail Real estate investors

Funds and Institutions

EXISTING PARTNERSHIPS

Partnered with loan orginators

Traction

VALUATION / MARKET CAP:

$100 M in 2016

COMPANY TYPE:

For Profit

TRANSACTIONS COMMENT:

Since it launched, it has originated more than $165 million in loans(2016).

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

56,133

AVERAGE VISITS (6 MONTHS)

70,890.75

MONTHLY VISITS GROWTH

15.33%

VISIT DURATION

206

VISIT DURATION GROWTH

-14.11%

PAGE VIEWS VISIT

5.58

PAGE VIEWS VISIT GROWTH

-1.34%

BOUNCE RATE

30.62%

BOUNCE RATE GROWTH

4.98%

GLOBAL TRAFFIC RANK

369,403

MONTHLY RANK CHANGE

-108,763

MONTHLY RANK GROWTH

-22.75%

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