Had no idea!! What terms are you guys offering?
Discussion
Borrow 100k for 12mo @ 12% paying interest monthly - posting bitcoin as collateral at a LTV Ratio of 50% - margin call at 67k, liquidation at 55k
Thanks 🙏 Are there other term options? And I assume interest rates are higher for smaller amounts? Lastly can you choose a lower LTV?
100k is the smallest amount. 2m largest. Interest rates are fixed by repayment method. Making montly interest payments gives you the 12%. Repay in full at end of term gives you 13%
You can choose a lower LTV ratio, by posting extra collateral lowers the margin call/liquidation price..
And no there is only the 12mo term being offered as I can see
Hmm, you'd need to have a very solid opportunity in front of you to justify that, IMO. Should probably be a cashflow positive business goes without saying.