SALT Lending to Offer Bitcoin-Backed Priority Secured Credit Line for Real Estate of About $105 million
2025-05-29 01:13:06
Bitcoin mortgage lender 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 a priority secured line of credit of approximately $105 million, backed by Bitcoin, including $35 million for the expansion of GolfSuites' golf entertainment program and $70 million for ERC's "build-to-let" mobile home community. Bitcoin holders will be able to take advantage of and access investment opportunities related to the over-collateralized structure designed to protect all stakeholders.
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