$LUNC
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How to choose a bitcoin loan platform for a real estate down payment? I need USD to secure a downpayment on a real estate deal (Florida, USA) within the next week or so. I have a sizeable bitcoin portfolio and want to use this as leverage for a fiat loan, as I'd prefer not to sell to avoid tax hit and missing out on future upside. It seems like the bitcoin loan market has matured a lot in the last few years. The platforms I'm looking at currently are: Ledn - seem like they have the strongest track record and survived the FTX crashout. Was impressed they now have a BBB- investment grade rating and they publish monthly proof of reserves. they also have an auto top up tool to manage liquidation risk. APR seems to be 10.5% for the amount I'm looking at though, which is on the slightly higher end.
Coffee. Conviction. Consistency. GM
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AI visual note: A top-down view of a mug of coffee with cream next to a laptop covered in stickers, including one that says "Buy This Dip" with a pixel art Bitcoin character.
Let's see how long the lead holds!