GOLD SPONSOR
(Left to Right) Brett Crosby; Founder & CCO; Brew Johnson, Founder & CEO, PeerStreet
PeerStreet
DEAL FLOW IS CUSTOMER SERVICE By Charles Peckman, Contributing Writer for Originate Report
I
nvesting in real estate debt can
“We used the time to focus on the
"We've seen a lot more capital come
be a complicated process. To the
health of our portfolio, streamline
flooding back into the space, which
staff of PeerStreet, however, it
many of our core services and
has brought creativity and appetite
is their bread and butter. The Los
operations, develop our platforms,
for many more loan products, but
Angeles-based
services
and launch new products,” he said.
the biggest volume increase has
accredited
“We’re now fully operational, hiring
been in buy-to-rent and bridge
a
company
marketplace
where
investors and institutions can invest in and purchase real estate loans. Originate Report sat down with the group’s Co-Founder and CCO, Brett Crosby, to discuss the importance of streamlining processes and simplifying the mortgage finance system. Looking back on a tumultuous year, Crosby
said
that
the
COVID-19
pandemic wasn’t easy for anyone.
incredible
talent,
and
ramping
volume. Now that the market has begun to normalize, we have been able to launch extremely competitive products for our lending partners.” The Los Angeles-based firm is also embracing a hybrid work model and
aggressively
hiring
remote
employees. In addition to adopting new work protocols, Crosby said it is
loans," he said. "We're also seeing a lot of multifamily and ground-up construction loans and may have some exciting news around those loan types in the near future." When studying the ebbs and flows of different deal structures, paired with the cyclical nature of real estate markets, Crosby said it could often seem overwhelming, from a client's perspective, to navigate the complexities
With that said, however, he added
critical to ascertain emerging market
that PeerStreet sought new and
areas, whether that means areas of
added, is understanding a borrower's
innovative ways to continue operating.
positive growth or general decline.
business plan.
54
of the market. What remains crucial, he
