There are two ways to borrow against your property: Instant Liquidity and Loan Offers. They both offer an easy way to unlock capital from your land, and come with different features.
Loan Offers (Financing Box), powered by NFTfi
Loan offers available for your property appear in the "Financing" box on the right side of your property's page. These offers are pre-set by lenders who want to lend against your property.
To borrow:
Select a loan offer that meets your needs.
Review and accept the predefined terms. Terms offered by lenders cannot be changed.
Once accepted, your property token is transferred to the NFTfi smart contract as collateral.
Loan funds are instantly deposited into your account.
Repayment:
Repay or refinance your loan by the maturity date to regain your property token.
If you fail to repay by the maturity date, the lender can claim your property token, becoming its new owner.
No proceeds from the property's transfer will be provided if you default.
Instant Liquidity, powered by Metastreet
Instant Liquidity allows flexible loan terms tailored to your specific needs:
Adjust loan terms (amount and duration) using the sliders in the Instant Liquidity box.
Instantly view real-time terms and select what suits you best.
Once terms are confirmed, liquidity is automatically sourced from multiple providers for optimal conditions.
Your property token is transferred to the Metastreet smart contract as collateral.
Repayment:
Repay or refinance your loan by the maturity date to reclaim your property token.
If you fail to repay, your property token is sold at public auction.
Any auction proceeds above your outstanding loan balance will be returned to you.
If the property sells below the loan amount, you receive no proceeds.
Key Considerations:
Instant Liquidity:
Provides quick, flexible terms without lender negotiations.
Loan amounts depend on the estimated property value.
Default may still return some proceeds if auction price exceeds loan amount.
Loan Offers:
Lender-created custom offers, potentially offering better personalized terms.
Defaulting results in losing your property without receiving any proceeds.
In all cases, defaulting on your loan will result in the loss of your property.