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Buy Real Estate with Crypto Mortgages

Posted by Michael on January 18, 2019
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Use your cryptocurrencies as a collateral to get instant access to cash and buy a property, while retaining ownership of the cryptocurrencies and their potential growth upside.

What are Nexo’s Crypto Mortgage Loans?

Nexo offers crypto enthusiasts the best of both worlds – instant access to cash while retaining ownership of your crypto assets. You get an instant loan of up to $2M in 40+ fiat currencies using your crypto as collateral. By borrowing against your crypto you retain the entire potential upside of your assets and avoid any capital gains taxes that might arise from their sale.

For loans larger than $2M, contact premium@nexo.io

Three steps to taking out an Instant Mortgage Loan with Nexo

 Getting started is incredibly easy. You need to complete 3 simple steps to get your loan:

  • Create a personal Nexo Account
  • Deposit Crypto Assets
  • Withdraw your mortgage loan

See the Nexo Product Demonstration below

Mortgage Loan limits & Approval

Once your deposit on the Nexo platform, the market value of your crypto is calculated in real time and a loan limit is extended according to the Loan-to-Value (LTV) ratio for this specific asset. The current collateral options available on the Nexo Platform are Bitcoin, Ethereum, XRP, NEXO, and BNB which provide LTV between 20% and 50%.

In other words, if you stake $10,000 worth of BTC, you will be able to withdraw an instant loan of approximately $5,000.

Mortgage Loan Withdrawal

After the deposit, you can immediately withdraw your loan to your bank account or stablecoin address (Tether (USDT), TrueUSD (TUSD), Gemini Dollar (GUSD), USD Coin (USDC), Dai (DAI) and Paxos Standard Token (PAX). There are no credit checks – you usually get your cash in 24 hours or less.

Mortgage Loan Terms

The annual percentage interest rate (APR) starts at 8% (when using the NEXO tokens as collateral or as repayment) and is capped at 16% APR when not utilizing NEXO Tokens.

No minimum loan repayments are required, flexibility at its finest.

Loan Repayment

You can repay all or some of your loan early at any time as you only pay interest for the days you borrow. You can make loan repayments using both crypto (BTC, ETH, etc.), including the collateral in your wallet, as well as fiat currencies (USD, EUR and 40+ other currencies).

Mortgage Loan Example

Let’s say you want to buy a $1,000,000 property and instead of selling your Bitcoin, you would like to use it for an instant crypto loan from Nexo.

  • Loan Limit: $500,000 (available instantly, without credit checks)
  • Deposit Required: $1,000,000 (worth of BTC, which stays yours)
  • Interest: 8% per year APR (when repaying using NEXO, 16% otherwise)
  • Daily Interest: ~$111 (debited daily from your available credit limit)
    No additional fees. No hidden charges. No installments.

NEXO Token

In addition to the 50% Discount on your interest rate, all NEXO Tokens kept in clients’ Nexo Wallets are entitled to 30% of the net profits of the company as dividends. As a profitable company from start Nexo has payed out the first ever dividend on a token on December 15.

Tax Implications

Crypto Loans can also be an important tool for individuals and businesses looking to optimize their tax liabilities using the so-called “Billionaire Strategy” For decades billionaires like Mark Zuckerberg, Elon Musk and Steve Jobs have funded their lifestyle by borrowing against their stock.

By borrowing against your crypto assets, no sale occurs. Using Nexo can help you avoid a series of tax events while receiving fiat funds to cover your needs. With Nexo’s loans, you do not need to be a billionaire to take advantage of this simple strategy.

Get Your Crypto Mortgage Loan Now


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