Bitcoin Forum

looking for a 50 BTC Loan 6 homes as collateral ...
I'm looking for a refinance type deal
payback will be in cash/fiat so you will be
basically cashing out 50 btc for a refinance loan
holding 6 properties as collateral in  NY area
if your interested contact me for further info
greg@etrustfinance com
and I have other offer's like this one if anyone is interested

This is not something that should be done over the internet. There is a lot of cost to using real estate as collateral. It has to be inspected to determine their value, etc. You must have a clear title (including no liens against the property), and in some cases may have to get an attorney involved to draw up an agreement that would be considered valid in the state of NY, though using real estate as collateral for cryptocurrency may be a very grey area due to how volatile the market is. All of this should be done with a local lender, probably with a bank.

The point of tjis arrangement is to get private lenders who want to cash bitcoin out and and get into another investment that is more secure Like real estate ....either way i am open too suggestions if anyone is interested please do not hesitate too contact me.

Wow - just last xmas you were begging for $5,000 to buy gifts, and now you own six houses?

Congrats on your success! 

Maybe he spent all his money and sold bitcoin @ 20k$ who knows?

They grow so fast you know?  ;D

Or had some great luck at a casino :)

In all honestly, I know you're gathering interest. But realistically, with something this physical, this probably shouldn't be handled over BTCTalk.

VOD Sucks camel nutzzz

as for everyone else i have a customer with  6 home's looking for a 250,000 refinance the closing will be done
with lawyers face to face here are some more things
Loan Amount: 250,000 (Crypto amount to be determined at time of Closing)
Rate: 11% int. only
Term: 3 yr. term extension is 2% more
Fees: 2% plus title and regular lender cost
https://ibb.co/ceApgU (https://ibb.co/ceApgU)
https://ibb.co/em1vMU (https://ibb.co/em1vMU)

 

You need to provide more information about the value of the collateral, how the property will be secured as collateral etc.

we are looking for  a hard money portfolio loan interest only 5 houses are valued at 75K and over  and the other is valued a 50k
the titles are all clear and owned by the same owner /company because it's a business loan refinance flip or fix business owners
credit is not the best 500 to 600 hundreds.....can some one please point me in the right direction ....we are looking for private
lenders  .....I have many many clients with this same situation banks will not deal with them because thier credit is less than perfect
I think Im not sure but this  is a great market for btc because sometime you just don't want to hodle ....

as for how will it work for the most part internet but because of the sensitivity of the loan closing and transaction
can be done face to face between lender and borrower ......
 either way i am offering a bounty on this ...just have to figure out 2 things
how much
 
and i have too triple check if this is legal...

the properties are the collateral..lawyers

Fucking hell, brilliant find Vod.
OP, you should host motivational speeches & charge. You can share your ‘success’ with others & make money out of it.

In the words of JJG - ‘Get the fuck outta here’

Imagine having to deal with this idiot on a regular basis when he is late on payments, etc.

You should deal with mature people only...

Mm, real mature.


Now it's a customer/client. Funny how the story changes.

All I asked was if there are any reputable websites that deal with 
crypto loans on a real estate as collateral level...Too much drama VOD jesus christ

Oh hey I know lets talk about everything else but the question  ??? ??? ??? ??? ??? ??? ???

Would you like to post your loan on http://manager.nuyul.com/
We will help to find the lender for you.

You mean to imply only people from the 70's and 80s?  :D ;D

And here comes a jerkhead with 11% interest for 3 years.
Really? Would someone trust and give you their money for 3 full years with an interest rate of "ONLY" 11%?
Wouldn't they mess around their BTC by trading it elsewhere leveraging it at BitMex or some other leverage-providers and make that 11% in a day alone - rather than waiting like a beggar for such a huge amount after lending it to you?
(here: BTC is something that can be at any value during these 3 years, why to bother for this guy's 11%?)

11% total interest for a 3 year loan is pretty bad, but 11% APR would be on the higher end of a home loan/refi..

I want to see if their is any interest in hard money loans here actually because it it something I think about sometimes to do some real estate deals, but my credit is better and I would never ask for something like this without presenting a solid business plan outlining the figures of what the deal would cost and how much profit is to be expected..
Not to mention a thorough description and valuation of the collateral..

I think anyone would love to refi at 11% per 3 year term.. If a landlord could get that rate he would save a bit of money..

11% APR and you might attract some hard money lenders..

I think OP is wrong on the market though.. I don't think this is the time to be dumping BTC, but to each his own..

Wow, never knew this is happening here.