PeerStreet handles the workout situation. Foreclosure fees are applied against gain on sale, which is why PeerStreet has kept LTV (loan to value) under 75%.
PeerStreet has had zero losses, but these are asset backed loans with first position liens, so if a borrower were to stop paying then generally the property would be foreclosed on and principal and interest would be…
These are first position liens on business purpose, non-owner occupied properties. Often these are fix and flip or buy to rent properties.
Great points, that's why conservative underwriting and low LTV (loan to value) ratios matter so much. Look at PeerStreet deals, they are 75% LTV and under with a site wide average of 63% LTV. Every deal that goes up is…
These are business purpose, first position loans on non-owner occupied properites. This industry has been around forever, but have been very hard for most people to access. PeerStreet is changing that. And also allowing…
PeerStreet handles the workout situation. Foreclosure fees are applied against gain on sale, which is why PeerStreet has kept LTV (loan to value) under 75%.
PeerStreet has had zero losses, but these are asset backed loans with first position liens, so if a borrower were to stop paying then generally the property would be foreclosed on and principal and interest would be…
These are first position liens on business purpose, non-owner occupied properties. Often these are fix and flip or buy to rent properties.
Great points, that's why conservative underwriting and low LTV (loan to value) ratios matter so much. Look at PeerStreet deals, they are 75% LTV and under with a site wide average of 63% LTV. Every deal that goes up is…
These are business purpose, first position loans on non-owner occupied properites. This industry has been around forever, but have been very hard for most people to access. PeerStreet is changing that. And also allowing…