Real Estate Financing Pioneer Peer Street Files for Bankruptcy

Peer Street Inc., a company that made investing in real estate debt more accessible, filed for bankruptcy on Monday after market volatility caused its business to falter.

The El Segundo, California-based company listed both assets and liabilities of as much as $100 million in a bankruptcy petition filed in Delaware. The Chapter 11 filing allows Peer Street to keep operating while it seeks approval of a plan to repay creditors.

Peer Street enables accredited investors, funds and institutions to invest in real estate related debt that has been historically difficult to access. On the other side, those investments provide ...