This past year has been one of tremendous growth for PeerStreet, a platform for investing in real estate-backed loans. As co-founder and CEO, Brew Johnson has played a critical role in driving the direction of PeerStreet, which has seen monthly origination volumes of around $50 million and growth of roughly 900% in YoY revenue, as well as increasing the number of employees from 25 to 75.
The achievements of this past year are a testament to his confidence and belief in the core mission of PeerStreet: to democratize access to real estate debt as an asset class for investors, and through the process, make everyone involved better off. That includes not just investors, who gain access to high-quality, high-yield investments, but also lenders, who are able to access the global capital markets through PeerStreet.
Those benefits continue through to borrowers, who now have more access to loans and even non-participants who enjoy neighborhoods improving all around them. This “benefit-the-ecosystem” philosophy and the strength of PeerStreet’s business model helped the company raise their $15 million Series A funding led by Andreessen Horowitz.
Much like Johnson’s favorite quote – “be quick, but don’t hurry” – from legendary coach John Wooden, PeerStreet has scaled quickly, onboarding new investors and lenders and funding more loans, all while still maintaining rigorous quality standards for vetting investments and staying true to their mission to democratize the real estate investment industry.
What’s the best advice you’ve ever received?
“Fabio once told me to take multi minerals and NOT vitamins for fantastic hair and skin. True story.”