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 company’s vision is to align the interests of this ecosystem—from 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.