– E.N.U.F. celebrates one-year anniversary
LOS ANGELES–(BUSINESS WIRE)–#fintech—PeerStreet, a platform for investing in real estate-backed loans, has named Robert Palacios as the Director of its Evolving Neighborhood Uplift Fund (E.N.U.F.) program. E.N.U.F. is PeerStreet’s community impact initiative designed to invest in real estate entrepreneurs from underserved backgrounds who are committed to improving their communities and closing the wealth gap using the power of real estate. Palacios joins the team to lead this important initiative and build upon the momentum the program achieved in its first year.
E.N.U.F. was launched as a way to equip aspiring entrepreneurs with the tools and capital they need to invest in real estate projects and, in doing so, invest in their communities. Since launching, the program welcomed its first cohort of five E.N.U.F. mentees in November 2021 and established an esteemed group of industry professionals to serve as mentors.
“This is an area that I am incredibly passionate about – helping minority entrepreneurs create wealth and improve their communities in order to help break the poverty cycle,” said Palacios. “PeerStreet is such an impressive business and to have a leadership team find a way to create equal opportunities for communities that have historically been overlooked is what drew me to the role. We are able to make an impact for everyone involved and I’m looking forward to the future of this program.”
Palacios joins PeerStreet from Deloitte Consulting, where he was a Senior Consultant in the Strategy & Analytics division. Prior to Deloitte, he earned his MBA at the University of Chicago Booth School of Business. In his new role, Palacios will be in charge of designing programming for mentees, guiding them through the process of acquiring investment properties, and raising capital for the program. Palacios is also a real estate entrepreneur who will be pursuing a real estate development project alongside the mentees.
“I am so proud of the work we are doing through our E.N.U.F. project and the tremendous progress made to date,” said Brew Johnson, CEO of PeerStreet. “PeerStreet has always been passionate about democratizing the ability to create wealth through real estate. Through the E.N.U.F. project, we’re able to leverage our core business and the platform we’ve built to deliver capital in communities where it is needed most. I’m excited to have Robert on board to drive this mission even further through our E.N.U.F. work.”
Entrepreneurs, community organizations, donors and investors interested in getting involved with the E.N.U.F. project can visit www.peerstreet.com/enuf for more information. To get involved, please reach out to firstname.lastname@example.org.
PeerStreet is a technology platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.
Loans are sourced from vetted private lenders throughout the United States who often have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities—one house at a time. As of March 2021, PeerStreet has had over $4 billion transacted on its platform. PeerStreet was founded in 2014 and is backed by such renowned venture capitalists as Andreeson Horowitz, World Innovation Lab and Thomvest.
Jacqueline Gogel; email@example.com; 201 919 4591