Multifamily refi with a BTC collateralized loan 🤯 Bitcoin is changing the way lenders think about underwriting real estate risk Every asset class is converging to Bitcoin

With a traditional mortgage, you can sell the collateral to pay off the loan. But with this product, there are two pieces of collateral, the RE, and the Bitcoin. So if the Bitcoin doubled in value, could the borrower sell the Bitcoin to payoff off the loan, and then keep the RE free and clear?

It's a good question, I'd love to have Andrew on the pod to discuss in more detail than a 5 minute CNBC clip

This is really interesting!

Super interesting and creative

@BitcoinRothbard Can I get this in HELOC form? I've got good credit and access to some bitcoin

my question is who owns the BTC once the loan is paid back? Gotta be the borrower... right?

So it’s just a cash out refinance but instead of actually providing cash out they mandate that bitcoin be purchased and held with the lender. Cool in theory if it gets the borrower higher loan proceeds but otherwise the borrower should just take the cash out and buy btc.

Coming Soon 🤝 @peoplesreserve

Lender buys and holds the bitcoin tho. Not your keys, not your coin. Who owns it after the minimum 4 years? If ultimately the lender owns the bitcoin, they’ve essentially used my property as collateral to buy bitcoin. Banks continuing to get rich off my time/effort/risk. No thx!

@leonwankum interesting, sounds familiar to your ideas!