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PeerStreet, a marketplace for investing in real estate backed loans, has announced the appointment of Deepa Salastekar as vice president of institutional sales. Salastekar joins PeerStreet to expand the company’s relationship base of institutional partners across all investment types available through PeerStreet.
As VP of institutional sales, Salastekar will lead the strategy and communications for the growing number of financial institutions seeking to invest in fractional or whole loans on PeerStreet. She brings more than 20 years of experience in capital markets, including nine years as a senior vice president at Pacific Investment Management Company in alternative sales, eight years at Bear Stearns as a managing director in fixed income institutional sales of derivatives, and most recently as co-head of securities for Inveniam Capital Partners, a platform focused on blockchain-enabled tokens for private debt.“We are currently experiencing great demand from investors of all stripes, including institutional investors, and we are lucky to be able to bring someone of Deepa’s caliber on board to manage this growth,” said Brew Johnson, co-founder and CEO of PeerStreet. “We can’t wait to see where her leadership takes us.”
Salastekar said, “While institutional investors have liked investing in mortgages originated by private lenders, it was challenging for them to get both volume and diversification, especially in markets like fix and flip and Residential for Rent because the markets are so fragmented. PeerStreet immediately resonated with me because it solves real problems for institutions by making it dramatically easier to access and diversify across investments in fragmented markets.”
