MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--PeerStreet, a marketplace for investing in real estate backed loans, is pleased to announce that it has been named the Top Emerging Real Estate Platform in the LendIt 2017 Awards. PeerStreet is an Andreessen Horowitz-backed platform, focused on democratizing access to investments in real estate debt.
“The LendIt award is a real honor and we are grateful to be recognized by our peers in the FinTech industry,” said Brew Johnson, Co-founder and CEO at PeerStreet. “We have an incredibly talented and dedicated team who are essential to the momentum behind the PeerStreet brand. This award demonstrates the value we are creating for our investors and we share this proud moment with our team.”
The Top Emerging Real Estate Platform category focused on younger companies that have demonstrated the greatest potential to impact the future of real estate investing. PeerStreet stood out as the top platform with its unique model, as it is not a direct lender and brings an innovative offering to investors.
“We have set our focus on one asset type - first lien real estate loans - and we think creating and maintaining this focus has delivered unique value to investors while also attracting top advisors, lenders and influencers,” said Brett Crosby, Co-founder and COO of PeerStreet. “This asset class itself has been around for a long time, and we’ve just changed the way investors can access it and diversify across quality loans. Combining technology and analytics to bring a greater level of transparency to this space has been transformative.”
The LendIt award-winners were determined by 30 industry experts and thought leaders in the alternative lending space. This most recent award adds to the growing list of accolades and major milestones for the FinTech startup. The latest recognition follows PeerStreet’s landmark 2016, which saw rapid growth, numerous accolades and an expanded footprint -- with thousands of investors from across the country and lenders operating in 25 states. The firm also closed its Series A funding led by Andreessen Horowitz in November.
PeerStreet is a marketplace lending platform for real estate debt. Founded by real estate attorney, Brew Johnson, former Google executive, Brett Crosby, and CTO Alex Perelman, PeerStreet allows investors to easily invest in high-yield real estate loans that were historically difficult to access. PeerStreet’s platform is secure and intuitive with an easy-to-use interface and a wealth of information and tools for every level of investor.