Real estate crowdfunding platform PeerStreet launches credit fund

PeerStreet launched its own fund after focusing on access to real estate debt investments exclusively. The Peer Street Credit Opportunity fund will allow investors to take advantage of changing market conditions and gain exposure to opportunities that weren’t previously available on PeerStreet, such as distressed debt, warehouse financing and subordinated investments. “This was the next logical step in the evolution of our marketplace and provides more options for different investment preferences,” said Brew Johnson, cofounder and CEO of PeerStreet. “Just like investors on Robinhood or TD Ameritrade can choose whether to buy individual stocks, or invest in ETFs and mutual funds, we are providing similar options to our real estate investors. Our goal is to continually expand our products to serve our customers whether they are individuals, family offices, RIAs, or institutions.” Since its founding in 2014 and backing by venture capitalist such as Andreeson Horowitz, World Innovation Lab and Thomvest, PeerStreet has had over $3.5 billion transacted on its platform. PeerStreet investors are already in essence creating their own curated funds, according to Brett Crosby, co-founder and COO of PeerStreet. “But some investors have made it clear that they would prefer to deploy larger amounts of capital at once into different strategies,” he said. “We are giving them an easy way to do that. This strategy allows us to match investors to shifting opportunities that are made available through our nationwide network of lenders.”

Real estate crowdfunding platform PeerStreet launches credit fund

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