Bitcoin & Ethereum
Asset-Backed Loans
Prospective Borrowers with Bitcoin or Ethereum reserves can now secure 3-year, interest-only non-recourse loans secured by the value of their Bitcoin. As the loans are non-recourse, no credit check or personal guarantee is required.
In the event of an uncured default, the lender keeps the Bitcoin and the Borrower can walk away from the loan without blemishing their credit score.
Risk Management
Previous crypto-space lenders saw their loan portfolios decimated because of terms mismatches. However, these loans have 3-5 year terms and cannot be prepaid until the second year of the loan. This ensures your Bitcoin can be re-delivered in an orderly manner without putting the entire lending portfolio at risk.
Key Points
Coin(s) will be used as collateral.
No Personal or Corporate Guaranty.\
Simple Interest of 5-7%.
Payment in IO is paid quarterly.
Loan Amounts are $1 million - $250 million.
The typical term is 3 years with a 2-year lockout (You cannot fully repay until lockout period concludes.)
LTV is calculated on today’s coin price, multiplied by the number of Coins to Value, and then multiplied by LTV or a loan amount.
The Coin(s) is/are held in a Coinbase wallet. Borrower will need to transfer into our wallet. Coin(s) will be returned upon repayment of the loan.
Forein Nationals Welcome.
Leverage & HODL
Most crypto investors prefer to HODL - Hold On for Dear Life, meaning they have weathered the market with the long-term vision of maximizing the value of their holdings.
This loan program leverages, through collateralization, the Bitcoin or Ethereum coin(s), allowing the coins to continue to earning value according to the market movements while freeing up capital for other uses or investments.