Monday, October 26, 2015
PeerStreet, Co-founded By Google Exec, Launches Real Estate Loan Marketplace
Los Angeles-based PeerStreet said this morning that it has launched a brand new, online real estate loan marketplace, which is aimed at accredited investors interested in real estate investments. The startup, founded by Brew Johnson and Brett Crosby, says it is looking to make real estate debt accessiblle to investors in a more, democratic way, by linking with professional loan originators natiide. The company said it already has funded more than $35M in real estate loans, across 78 properties, during its pre-launch phase. The company says that Crosby is the founder of Google Analytics; he had been a co-founder of Urchin Software in San Diego, which eventually became Google Analytics after its acquisition in April of 2005.