One of the more exciting advancements in the cryptocurrency industry is the ability to leverage your crypto holdings to borrow fiat currencies. Our Crypo Partners will offer collateralized loans using Bitcoin (BTC), Ether (ETH), or Litecoin (LTC) to get USD loans.
How does crypto lending work?
Well, with traditional collateralize loans, the borrowers will stake an asset and receive money in response. The main benefit is that you don’t have to sell any of your assets in order to receive this funding. Instead of using a home or business, you’re collateralizing your crypto assets.
- $500,000 up in loan (USD)
- Business owner / personal
- 1-year term with option to extend an additional year
For a $500,000 loan with a 50% LTV
- 9.75% interest rate
- 2.0% origination fee.
If LTV is less important to client
- If client is willing to go down to a 35% initial LTV
- A 7.0% interest rate can be offered to client
For loans >$1mm+ a more malleable structure will be but in place.