SALT Lending plans to offer approximately $105 million in Bitcoin-backed senior secured credit facilities for real estate
According to a report by Jinse Finance, Bitcoin-backed lending company SALT Lending announced that it has signed a letter of intent with GolfSuites 1 Inc. and its sister company ERC Communities 1 Inc. to provide approximately $105 million in senior secured credit facilities, backed by Bitcoin. This includes $35 million for the expansion of GolfSuites' golf entertainment projects and $70 million for ERC's "build-to-rent" activity home communities. Bitcoin holders will be able to utilize an over-collateralization structure designed to protect all stakeholders and gain related investment opportunities.
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