Not to meddle in this private transaction in a public forum.
Since the deal is done, I was wondering why not convert through shapeshift if you have btc collateral equal or greater than ltc?
Then convert back into BTC after 1, 2, 3 weeks.
Isn't it cheaper than interest and escrow?
Or does this put conversion risk on lender, therefore the interest is a hedge?
If he offer BTC as collateral, thats what he would get back once the loan is repaid. If he converted it, he would have to spend either more or less converting it back if he wants the same amount of BTC he had. Same goes with any other altcoin (that isnt dead)