Tech 100 winner, PeerStreet is rolling out a new product to boost liquidity for investors.
The real estate investment platform is offering investors the chance to invest in shorter term loans ranging from 30 days to 36 months through its new Cash Offer Loans.
“We’re very excited to offer this new loan investment to our investors,” PeerStreet Chief Real Estate Officer John Devereux said in a statement.
“We’re committed to progressing innovation in real estate, and when we see innovations happening in other areas–such as homebuying–we think about how to potentially bring the benefits to our users, at the same time as contributing to the improvement of the industry as a whole,” he added.
PeerStreet’s business model for this product allows accredited investors to invest in short-term real estate-backed debt, increasing their liquidity and allowing them to diversify their risk profiles and exposure times to taste.
These investments then show up in the housing market as all-cash offers to home sellers on behalf of PeerStreet’s borrowers.
“Our goal has always been to level the playing field between Wall Street and Main Street when it comes to real estate investing,” PeerStreet COO Brett Crosby said in a statement.
“So, we want to bring as much variety and diversification to our investors as we can and help them invest in real estate-backed loans effortlessly–Cash Offer Loans is our newest addition to this end.”