PeerStreet Expands Product Line with Residential for Rent Loans – NMP Skip to main content

PeerStreet Expands Product Line with Residential for Rent Loans

Mar 22, 2019
PeerStreet has resumed funding loans on its platform following a pause

PeerStreet has announced the launch of a new loan product for private lenders: Residential for Rent loans. Residential for Rent loans have a 30-year term, so borrowers can secure long-term financing for residential rental properties. This launch is in response to key market conditions: as more people struggle to finance buying a home, the rental market has continued to grow.
 
Because of the longer-term nature of Residential for Rent loans, PeerStreet is currently offering investment in this product to its pool of institutional investors—a group with a proven appetite for this asset class. For PeerStreet’s network of private lenders, this presents an opportunity to do more business with their borrowers, in addition to attracting new customers who need long term financing rather than short term bridge loans.
 
“We’re very excited to be expanding our marketplace by offering Residential for Rent loans. This is a natural progression for us as a company as we increase our volume of transactions with institutional investors,” said Brew Johnson, Co-Founder and Chief Executive Officer of PeerStreet. “Our move into this asset class is important to continue to support the growth of our private lending partners and help them better serve their borrowers.”
 
Brett Crosby, Co-Founder and Chief Operating Officer of PeerStreet, said, “Supporting this new product is incredibly valuable for the PeerStreet marketplace as a whole. More lenders means more loans, which makes it easier for investors to diversify their portfolios. That benefit brings more investor demand, and in turn, enables lenders to attract more quality borrowers. It is a virtuous cycle that builds upon the platform and enriches the marketplace.”

 
About the author
Published
Mar 22, 2019
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026