Beware of Platform Risk - How PeerStreet, a Real Estate Crowdfunding Firm, Went Bankrupt
Money For the Rest of Us
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Pier Street's Bankruptcy
Pier Street filed for bankruptcy under chapter 11 of the US bankruptcy code last month. As part of that, Pier Street plans to sell all of its assets, including its mortgage loan assets and its technology platform. Over 98% of investors on Pier Street's platform have seen positive returns on their investments over their course of their relationship with Pier Street.
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