PeerStreet, a real estate crowdfunding platform that has crafted an interesting niche that pairs retail investors with institutional money, announced on Wednesday it has formed a new integration with Liquid Logics, a market-leading loan origination software (LOS) platform.
PeerStreet reported that approved lenders can submit loan information and documents directly to PeerStreet for evaluation, and potential sale, with a single click. Speaking about the integration, Brew Johnson, Co-Founder and CEO of PeerStreet, stated:
“By creating this seamless integration, the loan submission process is easier. And when that process is easier, there are more opportunities for lenders to sell their loans to a diverse pool of investors. That stands to benefit our entire marketplace: more loans from our lender network means more opportunities for PeerStreet investors to better diversify their investment portfolios. That demand for diversification then increases the overall demand for investments in loans, which further fuels lenders who in turn work with more high-quality borrowers. It is a virtuous cycle that benefits all participants.”
Sam Kaddah, Founder and CEO of Liquid Logics, also commented:
“We’re very excited about this partnership, as it solidifies next-generation technologies in the FinTech space by merging loan origination directly into PeerStreet’s investor marketplace. With this partnership, Liquid Logics helps lenders achieve faster and more efficient lending cycles by connecting them to additional sources of capital from PeerStreet — allowing them to do more business and to do it better.”
The software integration with Liquid Logics comes just after PeerStreet revealed it funded $1 billion in debt based financing during 2018 has now topped $1.7 billion in real estate lending as the platform increases velocity and scales. PeerStreet reported that during the year they made several refinements and added new products to boost diversification and overall asset quality. Options for investors now include commercial real estate, single-family, multi-family plus cash offer loans and 30-day notes. Expect more products to enter the platform.