Feb 24, 2017
I've invested with PeerStreet for about 9 months now and haven't lost any principle yet. I've had a few loans that were late but the borrower eventually paid off the loan with late fees and interests.
As other investors have mentioned, I too find that the only way to get into the 10%+ deals is through auto-invest, and those have become far and few. I've also noticed a decreased in deal flows on the lower interests ones as well (perhaps this is more of a seasonal issue).
For now, I will continue to invest with them as the amount of capital I have with them is fairly small in the larger scheme of things. I just hope that as the gets bigger that it doesn't negatively impact their DD.