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Real estate crowdfunding is arguably one of, if not the, most popular and fastest growing segments of the crowdfunding industry. Particularly those portals focused on P2P (or “marketplace”) lending of real estate projects. That is probably why it seems like I hear about a new real estate crowdfunding portal popping up all the time. That being said, rarely do I hear about portals who have a level of team experience, or a proven deal track record, to rival that of the recently released PeerStreet real estate lending platform. Naturally I had to learn more about them so I reached out to their C.E.O. Brew Johnson with a few questions.
PeerStreet DiagramFor those that do not know, PeerStreet is a marketplace-lending platform which was recently released to the public in late of October of this year. PeerStreet gives accredited investors the opportunity to invest in short and mid-term real estate debt directly alongside institutional and other large lenders with individual investments starting as low as $1,000. PeerStreet also provides for other unique options such as automated investing capability which matches investors with loans that meet their investment objectives and a self-directed IRA option which has tax-deferred benefits. There are two things about this platform that really stand out to me however; their executive team and their pre-release track record.
Google OfficeFounded by real estate attorney, Brew Johnson and former Google executive, Brett Crosby, PeerStreet boasts a stellar executive team, In addition to the experience of its two founders, PeerStreet has managed to add a number of other truly experienced members to their executive team including:
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