PeerStreet, a leading platform for investing in real estate backed loans, announced on Tuesday it has appointed Ellen Coleman as its new Chief Financial Officer. Coleman reportedly joined the PeerStreet team last year and was previously named EVP of Finance. The platform noted that Coleman will oversee a variety of different teams, including finance, accounting, treasury, servicing, and capital markets, as well as will be focusing on bringing more automation to various financial systems for PeerStreet and its users.
PeerStreet also revealed that prior to joining its team, Coleman held positions as Managing Director at Countrywide Financial Corp, Treasurer at Stearns Lending, and Executive Vice President and Treasurer at both Nationstar Mortgage and Homeward Residential, Inc. Speaking about Coleman’s new appointment, Brew Johnson, Co-founder and CEO of PeerStreet, stated:
“It’s hard to overstate the impact Ellen has had in a relatively short time here. She quickly became a respected leader throughout the company and we are lucky to have her leading our finance efforts. We’re looking to build upon the momentum she’s already brought to our financial operations, bringing more automation and innovation to every touchpoint of our business.”
Coleman further added:
“I continue to be inspired by the teams and individuals I get to work with on a daily basis, and am so excited to see what new heights we can reach together in 2020.”
Founded in 2013, PeerStreet claims to be a first-of-its-kind online platform for investing in real estate debt. The platform represents a two-sided marketplace that, on one side, provides hassle-free access to an asset class that was previously inaccessible to individual investors: short-term, real estate backed loans. The company recently announced that more than $3 billion in loans have been transacted through its marketplace portal since its launch. PeerStreet also secured $60 million through its Series C funding round, along with $4.25 billion in new capital commitments, this past fall.
