PeerStreet Reviews

About PeerStreet is the online home of PeerStreet, a digital marketplace which claims to provide their customers with “unprecedented access to high quality real estate loan investments.”

How Does It Work?

According to their website, PeerStreet is made up of a group of “cross-industry experts” who all left their former jobs to come together and meet their mutual goal of transforming real estate financing that “creates a better deal for everyone.”

Their solution was a digital marketplace where accredited investors can invest in high quality private real estate loans, but their website goes out of their to make sure their customers know that they are not a Real Estate Investment Trust (REIT). 

REITs allow people to pay into a blind real estate trust where they earn returns from real estate investments that they personally have no specific knowledge of. Instead, PeerStreet allows their investors to curate their own portfolio of real estate loan investments, or investors can make the choice to all PeerStreet to just do the work for them with their Automated Investing option. 

The PeerStreet team of finance and real estate experts underwrites each loan using advanced algorithms, big data analytics, and manual processes to ensure PeerStreet surfaces high-quality investments. 

Cost/Price Plans

This company says they may apply a servicing fee on each loan offered for investment and that this fee is a spread between the interest rate payable on a loan and the interest rate you receive as an investor. Generally this fee is estimated to be between 0.25% and 1.00% and it will never be hidden from investors. 

Customers must also be aware that this company only works with “accredited investors.” This means that investors must have an individual income of $200,000 per year or a combined household income of $300,000 per year, or you can have a net value of at least $1,000,000 which excludes the value of your primary residence.  

Refund Policy

As a financial investment services company, PeerStreet does not provide their customers with a standard or traditional Refund Policy. Customers must be aware that when it comes to financial investments, losing money is always an option and they should never invest more money than they are comfortable with. If a circumstance has occurred which you believe justifies the refund of any fees you have paid, you will need to speak to a company representative regarding your concerns. 

Customer Service Contact Info

Customers who would like to contact Customer Service with any questions, concerns, or complaints can do so by phone at 844-733-7787 or by email at [email protected] 


Generally speaking this company does receive very positive reviews, with users and financial investment websites being particularly happy with the fact that this company provides their investors with the ability to control the type of projects they want their investments to go towards, which simply isn’t an option for most other crowdsourcing real estate investment opportunities. 

There are some concerns about this company, however. The first is that because of the strict income requirements of this company, there really isn’t any way for small investors to participate on this platform, which somewhat goes against the nature of crowdsourcing investments. 

Some reviewers also point out that PeerStreet offers no secondary market for managing loans and notes – once your investment is placed, it must stay stationary until the loan pays off. There are no other options. This may not be a beneficial investment situation for all investors.  

Competitors and Alternatives?

Companies that focus on crowdsourcing as a method of investment specifically for real estate loans are actually pretty popular these days and there are a variety of options out there, including Lending Club,,, and many others. Still, these companies come with many of the same concerns as PeerStreet and customers should always do their own due diligence. 

If you have experience with this company or their products, please leave your PeerStreet reviews below.

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1 ‘PeerStreet’ Review
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1 Review

Lucky I got my money back.

October 30, 2020

I make a living from renting and flipping houses so I have some expertise in this area.

I invested $50,000 with peerstreet starting around June 2017.

At first it went well, as time went by my slow pay/no pay loans started to pile up. I started to try and find out how many in trouble loans Peer Street had, guess what they are not telling. So I spent one whole day on their web sight, from the information on their website it is my opinion that between 30 and 40% of all their loans are slow pay or no pay.

More than a year ago I started trying to back out and at this point 10/29/2020 I have $8,000 in stranded loans. I do not expect to get that money back any time soon if at all.

The good news is I made about $8,000 in interest for a net lost/gain of about $0.00. How ever I lost about three years time.

I just got a email today that they sold one of my loans to a note buyer (if I understood correctly) for get this 18 cents on the dollar meaning for my $1,000 I will get back $180. And I am happy to get it.

In my opinion Peerstreet over loans on these loans and will always be upside down when thing go wrong

In my opinion RUN don't walk away from PeerStreet.

I believe that at some point they will file Bankruptcy.

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