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3min chapter
Beware of Platform Risk - How PeerStreet, a Real Estate Crowdfunding Firm, Went Bankrupt
Money For the Rest of Us
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.
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