Active Loan Portfolio

Check out this how-to video for a demo of this feature!

 Where can I find loan performance information on my active bridge loans?

 Once you’re in Lender Platform, simply click on the “Active/Funded” tab on the PeerStreet Loans page. 

Which loans are represented under the “Bridge” tab in the Active/Funded page

 All your bridge loans will be represented: Single Family Residential Bridge, Multifamily Bridge, and Commercial Bridge.

 What are all of the possible payment statuses on a bridge loan?

• Current: A loan is “current” when all expected payments due have been made prior to the loan’s grace period expiration.
• Late: A loan is “late” when one expected payment has not been made and today’s date is past the loan’s grace period.
• Late 30: A loan is “Late 30” when payment is one month past the payment’s due date.
• Late 60: A loan is “Late 60” when payment is two months past the payment’s due date.
• Late 90: A loan is “Late 90” when payment is three months past the payment’s due date.
• Late 120+: A loan is “Late 120+” when payment is four or more months past the payment’s due date.
• Matured: A loan is “matured” when the loan is on or past the maturity date.
• Foreclosure: A loan is in “foreclosure” when the foreclosure process has been initiated, generally starting with a Notice of Default (NOD) or Complaint. The foreclosure process has then begun, but it is before the actual foreclosure sale.

What is a “non-performing” loan?

 Represents all Single Family Residential, Multifamily, and Commercial bridge loans funded by PeerStreet that have a loan servicing status of Late, Late 30, Late 60, Late 90, Late 120+, are in foreclosure, or have matured.

How current is the loan performance information?

 We receive loan performance information daily from our services (i.e., FCI), so the data on the Active/Funded page will be, at the most, only 24 hours delayed from what the servicer has available. 

 How is the “projected monthly spread revenue” calculated?

 The “projected monthly spread revenue” is equal to the total unpaid principal balance for all active bridge loans x (1/12) x the weighted average lender spread. This value is only a projection and may not represent the actual amount you will receive at the end of the month for all active bridge loans. 

This value is also broken down to show you the projected monthly spread revenue for both current loans and non-performing loans.

Do any of the projected monthly spread revenue, total volume, and average lender spread metrics only include active bridge loans?

 Yes, these metrics are related only to the active Single Family Residential Bridge, Multifamily Bridge, and Commercial Bridge loans in your portfolio.   

 Does the “Bridge” tab include any loans that have gone into REO?

 All bridge loans that have gone into REO will be displayed in the “REO” tab. 

 What is included in the “Past Due” filter in the table on the Active/Funded “Bridge” tab?

 Using this filter will show all loans with a payment that is past due.

What is included in the “Maturing” filter in the table on the Active/Funded “Bridge” tab?

 Using this filter will show all loans that will be maturing in 90 days or less. Note: this filter doesn’t include those loans that have already matured.

What is the “Requests” dropdown for?

 The “Requests” dropdown has links to Help Center articles on some of the most common actions on active bridge loans, such as payoffs, extensions, refinances, and construction draw requests. 

Our intent is to make it easier to find whatever information you need. To that end, we will continue working to make this process even easier for you—this is just the first step.

Do I need to click into each loan to find more information than what I see presented in the table?

 No, simply hover over the Next Payment Due Date, Construction Reserve Remaining, Note Rate, and/or Borrower field values to see additional context around each loan.

• Borrower:
•  Note Rate:
•  Construction Reserve Remaining
•  Next Payment Due Date