PeerStreet tops $500M mark

Real estate marketplace PeerStreet has surpassed the $500 million mark in loans funded since its launch less than two years ago. Investors have seen no losses, the company said.

Monthly originations are now more than $50 million and PeerStreet has funded more than 1,200 loans.

CEO Brew Johnson

“While we are excited about the growth, this is just the beginning of our journey to transform the industry,” co-founder and CEO Brew Johnson said.

“Our goal remains the same as when we started: to level the playing field between Wall Street and Main Street by providing access and transparency to a market that had previously thrived on opacity.”

“Along with the ongoing growth in our business, I am incredibly proud of the culture and team we have built,” co-founder and COO Brett Crosby said “We’ve found amazing talent across all divisions of the business and were recently honored to be named one of the Top 5 Startups To Work For in Los Angeles.”

PeerStreet’s 2017 honours include:

  • CB Insights FinTech 250 company
  • LendIt Emerging Real Estate Platform
  • Fintech Breakthrough Award for the Best Overall Peer-to-Peer Lending Platform
  • Finalist for The Benzinga Global FinTech Awards

Its investors include:

  • Andreessen Horowitz
  • Felicis Ventures
  • Rembrandt Venture Partners
  • Montage Ventures
  • ThomVest
  • The Kaiser Family Foundation
  • Colchis Capital
  • Toba Capital
  • Le Frak, and
  • individuals including  Dr. Michael Burry, Adam Nash, and Ron Suber.
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