PeerStreet, an award-winning platform for investing in real estate backed loans, today announced the addition of a new investment option, Cash Offer Loans. Cash Offer Loans are a new investment option that provides PeerStreet investors with a shorter duration than typical bridge loans.
Cash Offer Loans add to the investment options available on the PeerStreet platform. The range of options are designed to help investors achieve diversification to fit their particular profile of risk, return and liquidity preferences. Investors can find investments with differing yields based upon such investments’ risk profiles and terms that run from as short as 30 days to 36 months.
For homebuyers, Cash Offer Loans provide a better chance of purchasing their next home by effectively enabling them to make an all-cash offer to home sellers. By investing in these loans, PeerStreet investors are helping families buy the homes they love in the communities they want to live in without having loan contingencies on their purchase. PeerStreet is able to offer these investments to its investors because of its relationship with innovative real estate technology companies that offer purchase programs for homebuyers.
“We’re very excited to offer this new loan investment to our investors,” said John Devereux, Chief Real Estate Officer at PeerStreet. “We’re committed to progressing innovation in real estate, and when we see innovations happening in other areas – such as home buying – we think about how to potentially bring the benefits to our users, at the same time as contributing to the improvement of the industry as a whole.”
“Our goal has always been to level the playing field between Wall Street and Main Street when it comes to real estate investing,” said Brett Crosby, COO at PeerStreet. “So we want to bring as much variety and diversification to our investors as we can and help them invest in real estate backed loans effortlessly – Cash Offer Loans is our newest addition to this end.”