Real estate investment platform PeerStreet recently expanded the opportunities available for investing through its peer-to-peer lending service.

Until now, investors using the platform could only invest in individual loans. Now comes the Peer Street Credit Opportunity, LP fund, which allows investors to put capital into a diversified fund that includes distressed debt, warehouse financing and subordinate investments. It gives PeerStreet users "more options to diversify, expand, and customize their real estate debt portfolios," the company said in a press release.

"This was the next logical step in the evolution of our marketplace and provides more options for different investment preferences," said Brew Johnson, cofounder and CEO of PeerStreet. "Just like investors on Robinhood or TD Ameritrade can choose whether to buy individual stocks, or invest in ETFs and mutual funds, we are providing similar options to our real estate investors. Our goal is to continually expand our products to serve our customers whether they are individuals, family offices, RIAs, or institutions."