This is the first major use of Bitcoin outside SR, I believe.
Topic: I am looking to borrow 10,000 BTC to expand my current bussiness. - page 4. (Read 5426 times)
April 04, 2012, 06:27:34 PM
First it was single-digit loans, then it was 3-digit loans, and now we're going into 5 figures
This is the first major use of Bitcoin outside SR, I believe.
This is the first major use of Bitcoin outside SR, I believe.
April 04, 2012, 06:26:23 PM
About my business
I own a handful of rental properties that generate a nice cash flow every month. 90% of my rent payments are guaranteed by the government. All of my units are currently rented except 1. I have been doing this for the last 4 years and have an established LLC. All of my properties are free and clear with no mortgages except 1 of them.
Loan Request Information
I am willing to send proof of rent roll(government statement) and share my business and personal information with anyone who is willing to take this loan on. I would prefer bigger loans versus a bunch of smaller ones. The loan would be amortized over 36 months and payments of principal and interest would be paid(Same setup as a mortgage). The rate that I would be willing to pay is 15% per year. The loan would be pegged to the USD. Doing it this way would protect the lender and the borrower in the event of a huge fluctuation up or down in the Bitcoin price.
I think that these types of loans would be good for the Bitcoin community.
I own a handful of rental properties that generate a nice cash flow every month. 90% of my rent payments are guaranteed by the government. All of my units are currently rented except 1. I have been doing this for the last 4 years and have an established LLC. All of my properties are free and clear with no mortgages except 1 of them.
Loan Request Information
I am willing to send proof of rent roll(government statement) and share my business and personal information with anyone who is willing to take this loan on. I would prefer bigger loans versus a bunch of smaller ones. The loan would be amortized over 36 months and payments of principal and interest would be paid(Same setup as a mortgage). The rate that I would be willing to pay is 15% per year. The loan would be pegged to the USD. Doing it this way would protect the lender and the borrower in the event of a huge fluctuation up or down in the Bitcoin price.
I think that these types of loans would be good for the Bitcoin community.
This sounds like a good deal for a low-risk USD-pegged loan. It's exciting to see the loan market heating up
April 04, 2012, 06:19:38 PM
About my business
I own a handful of rental properties that generate a nice cash flow every month. 90% of my rent payments are guaranteed by the government. All of my units are currently rented. I have been doing this for the last 4 years and have an established LLC. All of my properties are free and clear with no mortgages except 1 of them.
Loan Request Information
I am willing to send proof of rent roll(government statement) and share my business and personal information with anyone who is willing to take this loan on. I would prefer bigger loans versus a bunch of smaller ones. The loan would be amortized over 36 months and payments of principal and interest would be paid(Same setup as a mortgage). The rate that I would be willing to pay is 15% per year. The loan would be pegged to the USD. Doing it this way would protect the lender and the borrower in the event of a huge fluctuation up or down in the Bitcoin price.
I think that these types of loans would be good for the Bitcoin community.
EDIT: Original loan request was for 15,000 BTC. Lowered amount to 10,000 BTC or $50,000 USD.
I own a handful of rental properties that generate a nice cash flow every month. 90% of my rent payments are guaranteed by the government. All of my units are currently rented. I have been doing this for the last 4 years and have an established LLC. All of my properties are free and clear with no mortgages except 1 of them.
Loan Request Information
I am willing to send proof of rent roll(government statement) and share my business and personal information with anyone who is willing to take this loan on. I would prefer bigger loans versus a bunch of smaller ones. The loan would be amortized over 36 months and payments of principal and interest would be paid(Same setup as a mortgage). The rate that I would be willing to pay is 15% per year. The loan would be pegged to the USD. Doing it this way would protect the lender and the borrower in the event of a huge fluctuation up or down in the Bitcoin price.
I think that these types of loans would be good for the Bitcoin community.
EDIT: Original loan request was for 15,000 BTC. Lowered amount to 10,000 BTC or $50,000 USD.
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