"Platforms can now bring real estate to the masses. They screen the opportunities and provide them to investors, along with enough information to allow those investors to make informed decisions, with the smart ones knowing that if they wish to succeed long-term, they need to bring great opportunities and transparency to investors. PeerStreet aims to last."
"While many take part of the summer off, it appears PeerStreet stayed in the office, their latest numbers show."
"But in the long run real estate crowdfunding could dwarf small business and consumer lending. This could be the next big industry."
“Our goal is to provide investors the best risk-adjusted returns possible and the fact that we are able to do so, while growing at a faster pace than other marketplace lending platforms at similar stages in their life cycle, is exciting.”
"The coders, entrepreneurs, venture capitalists, designers, and scientists (and, yes, one actress) behind L.A.’s tech boom: In the last two years, Silicon Beach — as people call the startup scene in Venice and Santa Monica — has evolved from a trumped-up trend story to a very real phenomenon."
“The goal is to get loans in front of people that are very easy to understand.”
"An online marketplace for real-estate-backed loans, PeerStreet Inc., raised $6.1 million in a seed round to follow in the footsteps of peer-to-peer lending pioneers such as LendingClub Corp. and Prosper Marketplace Inc."
PeerStreet Inc., a Manhattan Beach-based real estate crowdfunding marketplace, named Sara J.E. Priola as its first general counsel Monday.Priola, a former real estate finance attorney at Dechert LLP and Greenberg Traurig LLP, will lead the legal team and oversee risk management, compliance, regulatory, licensing, privacy, contracts and real estate.
LOS ANGELES—Former Amazon product manager Brendan Kao and OneWest Bank senior banking executive Marc Heenan join PeerStreet, a crowdfunding platform for commercial real estate.
"In 2012, there were less than 10 identifiable platforms in the real estate crowdfunding industry, but this year the number has soared to more than 80 unique platforms in the US alone as the success stories of early adopters attracted new players into the industry in droves."
"Michael Burry, noted hedge fund manager, is convinced PeerStreet will become a game-changer in the sector. It's the reason he's putting his money in it. "
“The head of consumer-product marketing at Google Inc. and a former general counsel for a travel website are seeking to transform the mortgage-finance industry. Michael Burry, the hedge-fund manager who foresaw the housing market’s nosedive, is betting they can.”