Lending firm PeerStreet lowers its minimum investment sum to $100

This P2P investment firm has added more loan tools to its product, Automated Investing

PeerStreet, a peer-to-peer (P2P) investment platform, has recently decreased the minimum sum needed to invest in its real estate-driven loans to $100.

The update, which affects the company’s Automated Investing feature, allows consumers to invest in real estate without owning properties directly. Founded in 2014, PeerStreet aggregates loans from private lenders, accredited investors or entrepreneurs in order to offer lower buy-in costs. Most recently, investors needed to put in at least $1,000 to participate in the program.

As part of the update, PeerStreet has also added Cash Offer Loans and 30-Day Notes to its Automated Investment options. Cash Offer Loans provide the funding necessary for homebuyers to make an all-cash offer before their home sells while 30-Day Notes allows for more liquidity and short-term investments.

“We’ve answered the call from customers who have been asking for these Automated Investing features, which can help people diversify their portfolios with greater ease than ever before,” said Brett Crosby, co-founder and COO of PeerStreet, in a prepared statement

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