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This real estate platform brings together accredited investors and borrowers to crowdsource loans with as little as $1,000.

Real estate investing can be tough to crack due to its typically high stakes. This is where PeerStreet comes in. Calling itself a real estate investment platform, PeerStreet extends the peer-to-peer marketplace into real estate lending for investors who have a high enough net worth to be accredited.

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Account types Retirement
Annual fee 0.25%

Average return 7% to 12%
Available asset types Real estate

Who is PeerStreet for?

Investing in real estate is both tricky and expensive. And while PeerStreet works toward a more comfortable process, it’s not exactly open to the first-time investor.
For starters, you’ll likely need to know a little about real estate lending to even understand how PeerStreet works. You’ll also need to be an accredited investor with a net worth of at least $1 million or an income of $200,000 a year. That’s a lot of beans.

What makes PeerStreet unique?

Unlike many other investing platforms, PeerStreet gives you access to its “curated” (its word for vetted) properties or borrowers for as low as $1,000 a pop. You’ll get to choose your interest rate, loan-to-value percentage, terms and investment per loan. And after you invest, PeerStreet makes it easy to track investment results while keeping up on industry news.
By setting up the automatic investments option when setting up your portfolios, PeerStreet automatically connects you with real estate opportunities based on your preferences. Once a connection is made, you have 24 hours to review and cancel if you aren’t interested.

Product details

  • Product name/trading platform. PeerStreet
  • Promotions. Periodic yield bumps, among other Internet promos
  • Minimum investment. $1,000
  • Investment terms. 6–36 months
  • Servicing fee. Typically 0.25%%–1.00% of your loan
  • Range of returns. Varies, but generally 7%–12%
  • Is the money FDIC insured? Yes, FDIC insured up to $250,000
  • Customer service. Phone, email, social media

What are the benefits of PeerStreet?

Unlike directly investing in real estate, your PeerStreet investment doesn’t mean taking on the hassle of owning a property. Instead, with your investment you’re one of many passive lenders who become limited partners in a high-yield loan — one you may not have had access to otherwise.
Other benefits include:

  • Low minimum investment. Unlike other investment platforms that can require up to $10,000 up front, you can participate in PeerStreet with as little as $1,000.
  • Short-term investments. At most, your investment is tied up for two years — which can make for more efficient (and fun) lending.
  • Multiple ways to diversify. You’re stuck with real estate, but you can invest small amounts over many loans and even limit your investment by specific states, loan risk, ratios of your loan to the full value of the investment and repayment terms.
  • Easy reinvestments. Once your investment pays off, you can put your earnings toward another loan with minimal effort.

What to watch out for

As with most investments, you’ll pay a servicing fee on each loan you invest. With PeerStreet, your servicing fee can range from 0.25%% to a hefty 1.00% of your loan.
A few other potential drawbacks with PeerStreet include:

  • Accredited investors only. While the initial $1,000 is doable for most, PeerStreet isn’t open to just anybody. You must fall into any number of SEC-accredited categories to play, which generally limits the pool to high-net-worth investors.
  • Loans are locked in. Once you’ve invested in a loan, you’re money is tied up until the investment is paid off — no pulling out or selling your investment to another lender.
  • Potential for default. While it’s unlikely — to date, PeerStreet’s filed only one notice of default — returns are not guaranteed.

Is PeerStreet safe?

Resoundingly, yes. PeerStreet protects your transactions with industry-standard SSL/TLS encryption, and it stores your personal and financial data in an Amazon Web Services–powered data center. It routinely tests its hosting services for vulnerabilities to keep up with state-of-the-art compliance.
On the investment side, PeerStreet holds its loans in a single-purpose entity separated from its corporate entity. Investor funds are held in a trust account that’s FDIC insured for up to $250,000.

PeerStreet reviews and complaints

PeerStreet user reviews are rare, but the few we found were generally positive. Although PeerStreet is not accredited by the Better Business Bureau (BBB), the organization gave it an “A” rating. Reviews on Reddit were mostly mixed. Positive reviews mentioned reasonable returns. But two negative reviews involved borrowers who stopped paying back their loans. One negative review mentioned that their issue was eventually resolved and the user got principal and interest paid within 10 months. But you may want to carefully analyze the risks involved when using PeerStreet or other platforms that let you invest in real-estate backed loans. When you invest in loans, you run the risk of the borrower defaulting. The interest rate environment at any given time can also affect your returns. Examine the provider’s history and vetting process for loans on its platform to get a taste of what you can expect. But keep in mind, this doesn’t dictate its future.

How does PeerStreet work?

Founded in 2013 by a team of attorneys and an ex-Google executive, PeerStreet is an intuitive crowdfunding platform focused on private real estate lending. With PeerStreet, you invest a minimum of $1,000 toward loans that range from six to 24 months. Not that there’s one typical loan with PeerStreet — instead, you can build a portfolio you’re comfortable with across properties, locations and maturity levels.
PeerStreet thoroughly vets borrowers — called “origination partners” on its site — using background, financial, legal and licensing reviews. And its experienced team examines each potential loan with a series of proprietary analytics, independent appraisals and documentation reviews designed to help its customers sleep tight.
And sleep tight, they have: As of October 2017, PeerStreet has helped fund some $500 million in loans with zero losses through its innovative platform.

How do I open an account with PeerStreet?

To open an account with PeerStreet, you must be at least 18 years old and an “accredited investor” with a net worth of at least $1 million or an individual annual income of $200,000 or more ($300,000 or more for joint investors) for the past two years.
Among other documentation required at the discretion of PeerStreet, you’ll need to submit:

  • A completed Form W-9.
  • Proof of your net worth and income.
  • Proof of your residency.
  • Your approval for PeerStreet to verify that you’re an accredited investor.

To create an account with PeerStreet:
1. Go to PeerStreet’s website and click Get Started.
2. Create an account by first entering your name, email address and password to log in to your account in the future.
3. Choose the account type you’re interested in.
4. Enter your state of residence and phone number, and then complete your income assessment — either as an individual or joint investors with another person. Add your net worth and click Continue.
5. Go through the steps to complete your investor profile. Carefully read and agree to PeerStreet’s terms Terms and Privacy Policy, and then submit your information.

I’ve made my first investment with PeerStreet. Now what?

  • Track your results. Log in to your PeerStreet account to track your available cash, earnings to date, active loans and more. You can also read up on industry news.
  • Reinvest your earnings. After your investment pays off, reinvest what you’ve made in new opportunities.
  • Contact customer service. For support, call 844-733-7787 or email Or connect on Facebook @PeerStreetHQ or on Twitter @PeerStreet.

Bottom line

PeerStreet opens up real estate opportunities to those who may not have the resources to become major property players but are still looking to get their feet wet — and maybe build up a little nest egg in the process.
A low minimum investment is a plus, but eligibility rides on your ability to prove that you’re an “accredited investor,” which comes with high net worth or annual income requirements.

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