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Peer Estate
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Founded in 2016, Peer Estate Pty Ltd operated as a real estate crowdfunding platform in Australia. The company's mission was to democratize access to commercial real estate debt, an asset class traditionally reserved for institutional investors. Through its online platform, Peer Estate allowed accredited (wholesale) investors to invest fractionally in first mortgage-secured commercial property loans, offering them fixed-income returns. However, the company faced significant financial challenges due to changing market conditions and rising interest rates, and it entered voluntary administration in November 2022, followed by liquidation.
Australia
Industry
Financial