LOS ANGELES--(BUSINESS WIRE)--PeerStreet, an award-winning platform for investing in real estate backed loans, has announced the hiring of two executives with extensive experience in the financial services and real estate sectors: Ellen Coleman and Bob Brown. Ms. Coleman joins as Executive Vice President of Finance, and Mr. Brown joins as Executive Vice President of Finance & Corporate Development.
Ellen Coleman brings more than 15 years of experience in corporate treasury within the mortgage industry. Her track record in both treasury operations and debt capital raising demonstrates proven success with building finance and treasury teams, cash management and wire operations, and establishing new processes to support business objectives, particularly for enabling growth. Her skill set is an ideal fit for PeerStreet as the company scales and expands both the overall platform as well as its finance and credit operations. Before PeerStreet, Ms. Coleman held positions as Managing Director at Countrywide Financial Corp, Treasurer at Stearns Lending, and Executive Vice President and Treasurer at both Nationstar Mortgage and Homeward Residential, Inc.
“Joining such a fast-growing company that’s disrupting the industry I’m so familiar with is an incredibly exciting opportunity,” said Ms. Coleman. “This is a finance team that's already proven to be very strategic, and I’m thrilled to help lead us into our next phase of growth.”
Bob Brown’s 17-plus years of investment banking experience—with tenures at Goldman Sachs and Lehman Brothers—includes an extensive history of advising C-level executives in the financial services and fintech sectors. His expertise spans capital markets, corporate finance, and strategic M&A, with experience across a broad range of transactions and capital instruments, including common and preferred equity, senior and subordinated debt and lead-managing IPOs. Prior to joining PeerStreet, Mr. Brown was a Senior Managing Director in FBR’s Financial Services Investment Banking division.
“As PeerStreet continues to build and expand its institutional relationships, the timing lined up perfectly for me to join the team and take part in supporting our massive growth,” Bob said. “My background in corporate finance and capital markets is right at home here and I’m excited to help PeerStreet with the next big push.”
Ms. Coleman and Mr. Brown join an impressive roster of executives with extensive experience in credit, real estate, finance, law, capital markets and technology. Several key hires have been made over the previous year as PeerStreet enters its fifth year in business and continues its rapid growth, including Greg Galusha (Head of Commercial Real Estate), John Devereux (Chief Real Estate Officer), Nicole Hopkins (Head of People Operations), Tom Kuhr (Head of Product Marketing), and Louis Nees (Head of Capital Markets). PeerStreet now employs over 185 full-time staff, and doubled its office footprint this February to accommodate the company’s momentum and accelerated growth plans.
“These are particularly exciting hires for us, because they build upon the strong financial foundation we’ve already set, while better preparing us for our growth trajectory—in 2019 and beyond,” said Brew Johnson, co-founder and CEO of PeerStreet. “We’re at a place now where we need this level of specialized, senior talent, and we’ve found that with Ellen and Bob.”
PeerStreet is an award-winning investment platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables accredited investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.
Residential and commercial property loans are sourced from vetted private lenders throughout the United States who have regional real estate expertise and borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities, one house at a time. Backed by noted venture capital firms including Andreessen Horowitz, PeerStreet was founded in 2013 and has had over $1.7 billion invested in loans as of January 1, 2019.