- UK National/Resident
- Net worth: UHNWI
- Financing requirements: £1 million
- Terms offered: Open revolving facility (min. 12-month term) with a 50% LTV.
- Use of proceeds: Purchase a property
In this case, we assisted a UHNWI in securing a non-recourse crypto loan on their Bitcoin, with an LTV of 50%. The facility was an open revolving facility.
The main constraints were related to the clients requirements around the custody of the crypto, for various reasons. Despite these challenges, we secured favourable terms and completed the transaction within an impressive timeframe. The unique offering provided the client with some exclusive features which were favoured by the client . The lender, fully regulated, provided an institutional-grade solution, satisfying the clients requirements.
Unlike a traditional loan, a crypto-backed loan is a unique asset-backed loan. Your crypto assets serve as collateral for your line of credit. With the rapidly growing crypto industry, borrowers now have a wide range of lenders offering diverse, more secure lending solutions for borrowers. This has made the flexibility of taking a loan far more accessible.
Enness does not give investment or securities advise, and does not deal, lend or trade in any crypto currencies.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
