PeerStreet's growth continues with new $3Bn in loan transactions milestone

PeerStreet’s marketplace for investing in real estate debt is the first and largest of its kind—and is now poised to get even bigger

PeerStreet, a platform for investing in real estate backed loans, recently announced that as of last month, more than $3 billion in loans have been transacted through the PeerStreet marketplace. This milestone comes on the heels of the company announcing the close of its $60 million Series C funding round coupled with $4.25 billion in new capital commitments.

This announcement highlights PeerStreet’s exponential growth since it opened to the public in 2015. The year-over-year growth in loan volume has more than doubled every calendar year since PeerStreet’s launch. It took three years for the company to hit its first billion; the second billion took just a year, and it hit three billion in roughly six months.

“While we’re excited about what we’ve accomplished so far, the mortgage finance industry is one of the largest financial markets in the world, so we have a long way to go before we fulfill our mission. What’s most gratifying is that our business model has demonstrated that the more we grow, the more value we can create for investors, small lending businesses, and borrowers. We’re excited to keep this value creation and momentum going far into the future.”

— Brew Johnson, Co-Founder and CEO of PeerStreet

This growth can be attributed to a number of factors including the company’s technology and product innovation, highlighted by its proprietary platforms for both investors and lenders. The platform has caught the attention of several established finance companies, enabling PeerStreet to complete key software integrations with Mint, Wealthfront, and Betterment. The company also announced initial integrations with leading loan origination software (LOS) platforms earlier this year.

The growth is also a result of PeerStreet further expanding its product offerings to include long-term real estate debt through a new Residential for Rent program, a streamlined loan document generation software product called PeerStreet DocGen, and incorporating more loan types into its Automated Investing feature, which now boasts a low $100 minimum for small-balance reinvestments.

SOURCE PeerStreet

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