Money For the Rest of Us cover image

Beware of Platform Risk - How PeerStreet, a Real Estate Crowdfunding Firm, Went Bankrupt

Money For the Rest of Us

CHAPTER

Pierce Street's Distinctive Advantages

The average term on Pierce Street for their loan portfolio in 2016 was 10 months. At the time, through December 2016, Pierce Street had experienced zero losses on the loans it had originated. Crosby said that servicing spread reduces yield to an investor slightly. But he felt it was a fair trade-off for having a hassle-free and diversified investing experience.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner