How does PeerStreet make money?
PeerStreet's primary way of making money is to charge a servicing fee on each loan, structured as a spread between the interest rate it charges to borrowers and the interest rate it pays to investors. This fee is disclosed by the company on each loan's detail page and is in the 0.25% to 1.00% range.
Who owns PeerStreet?
Brett Crosby is the Co-founder and COO of PeerStreet, a platform for investing in real estate backed loans. He crafts the company's strategy, product and messaging. Brett was previously the Director of Product Marketing at Google where his 10-year career spanned many of Google's most prominent products.
What is the equity multiple?
In commercial real estate, the equity multiple is defined as the total cash distributions received from an investment, divided by the total equity invested. Essentially, it's how much money an investor could make on their initial investment.