PeerStreet, an online marketplace for real estate backed loans, has appointed Louis Nees as Head of Capital Markets. Nees is a Wall Street veteran with over 30 years of experience in the financial services industry. Nees previously served as SVP of Global Capital Markets for Ally Financial as well as Managing Director of JP Morgan’s mortgage credit derivative trading desk and SVP of Capital Markets at GMAC Mortgage. Most recently, Nees was CEO of Fairlead Management, a consulting services company specializing in business strategy, corporate growth, and innovation. Nees will be operating out of the Los Angeles headquarters of PeerStreet.
PeerStreet says that Nees’ deep Wall Street background will provide key guidance on multiple capital sources for PeerStreet. The Capital Markets team will focus on diversifying the company’s capital base as it continues to grow rapidly. PeerStreet recently topped $500 million in loans making it one of the largest real estate crowdfunding platforms in the US. Monthly originations now top $50 million. As for investors, not a single penny has been lost for individuals / institutions lending their money on PeerStreet.
Brew Johnson, CEO of PeerStreet, said they were delighted to have Nees on the team to help with his company’s growth and to expand their investor base;
“We look forward to Louis’ deep expertise as we hit new milestones. Louis will be important in helping PeerStreet transact with an increasingly large pool of customer types.”
Nees called PeerStreet a truly unique platform in the real estate investing space;
“There are enormous opportunities to build out our capital markets effort to help PeerStreet achieve its goals and I am very much looking forward to leveraging those opportunities to support our growth and reach.”