PeerStreet, a platform for investing in real estate backed loans, is excited to announce that it has launched a new investment product to provide increased liquidity for accredited investors at 30-day terms.
30-Day Notes, whose pilot launched in October, is now offered monthly because of positive results platform-wide. It provides investors more liquidity by allowing them to invest in notes with 30-day terms. They can put short-term cash to work in real estate-backed loan investments in a completely new way.
Like all PeerStreet investments, these notes are vetted for quality by PeerStreet’s proprietary software and a team of real estate professionals before they are offered to investors. Since launch, the average amount invested in a 30-Day Note per investor has more than doubled. PeerStreet plans to continue growing and iterating on the program.
“As a former real estate attorney, I’ve always loved this asset class,” co-founder and CEO Brew Johnson said. “I’ve long believed that a platform like PeerStreet would allow people to not only diversify their investments across real estate backed loans but also change how people invest in these loans.
“We’ve created an ideal platform for innovation in this space. This industry needs a spark of more creative models for investing. We are making this asset class more accessible, which benefits not only the end investor but lenders and borrowers, too.”
“Having spent 10 years at Google working with incredibly smart people innovating in the tech space, I’ve always thought we could apply that to other industries that are equally ripe for improvement,” co-founder and COO Brett Crosby added. “As we apply both technology and the tech approaches that I learned at Google to the mortgage finance space, the entire industry can benefit.”
PeerStreet offers 30-Day Notes to all accredited investors on the platform, which provides investors with an easy and transparent way to retain liquidity. According to each investor’s individual goals, they can elect to reinvest their funds for another 30-days or redeem their capital. Investors can diversify their portfolios across multiple factors and customize their exposure to the real estate debt market.