Ledn Bitcoin Mortgage

Bitcoin Mortgages

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Ledn is a Toronto-based Bitcoin lending platform that has originated over $9.5 billion USD in loans since 2018. Its Bitcoin Mortgage blends Bitcoin collateral with real estate collateral at a combined 50% LTV, allowing borrowers to purchase property without credit checks or income verification. The 2-year loan term requires no monthly payments and carries no prepayment penalties. Available to Canadian (excluding NB, NS, SK, QC) and US residents.

Details

Ltv
50% of combined collateral (Bitcoin + property)
Launched
2023
Countries
Canada (excl. NB, NS, SK, QC) and USA
Loan Term
2-year term, no monthly payments
Credit Check
No
Margin Calls
None
Custody Model
Custodial (Ledn)
Interest Rate
~12.4% APR (standard, with rehypothecation) / ~13.4% APR (custodied, no rehypothecation)
Mortgage Type
Bitcoin-collateralized
Origination Fee
2%
Total Originated
$9.5B+ since 2018
Collateral Structure
Bitcoin + property (blended)

Links

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