Hankey Group Launches Innovative Bitcoin Crypto Lending Program to Revolutionize Financing for Real Estate and Exotic Vehicle Purchases
Hankey Group has officially unveiled a groundbreaking Bitcoin Crypto Lending Program designed to offer a novel financial solution for real estate and high-end vehicle buyers, allowing them to leverage their cryptocurrency assets in a way that provides access to significant financing opportunities. The program aims to transform the way individuals use their Bitcoin holdings, offering an innovative alternative to traditional financing methods.
In an era where cryptocurrency has emerged as a valuable and recognized digital asset, Hankey Group’s Crypto Finance Program marks a new era of flexible and modern financing for a range of large purchases. The program enables crypto holders to use Bitcoin as collateral to secure up to 100% financing for real estate and exotic vehicles, eliminating the need for large upfront cash down payments typically required in these types of transactions.
The Bitcoin Crypto Lending Program: A Game-Changer for Buyers
As explained by Don Hankey, the Chairman of Hankey Group, the traditional structure of real estate transactions often requires buyers to provide a substantial cash down payment, typically 20% of the purchase price, with the remaining 80% being financed. This structure can be a barrier to potential buyers who may have significant cryptocurrency holdings but are not eager to liquidate those assets to access cash for their purchases.
“With our new Crypto Finance Program, we’re changing that,” says Don Hankey. “Instead of requiring a large cash down payment, we now offer the option for buyers to use their Bitcoin as collateral, allowing us to provide the full financing for both real estate and exotic vehicles.”
This flexibility opens new doors for individuals with significant holdings in Bitcoin who might not have the liquidity to make a down payment on a major purchase. The program also provides access to larger financing amounts, allowing buyers to focus on their investments rather than worry about liquidating their digital assets.
Key Advantages of the Crypto Finance Program
The most significant advantage of the Bitcoin Crypto Lending Program is that borrowers no longer need to sell their Bitcoin holdings to fund their purchases. Selling Bitcoin could trigger capital gains taxes, which could substantially reduce the value of the investment. By using Bitcoin as collateral for the loan, individuals can retain ownership of their cryptocurrency, allowing them to share in its future appreciation.
“Cryptocurrency has become an important and permanent part of the financial landscape, and we’re proud to offer innovative capital solutions to our borrowers. The ability to hold onto your Bitcoin while securing financing for large purchases is a game-changer,” explains Kelechi Ogbunamiri, Chief Investment Officer of Hankey Group.
The program offers several compelling benefits for Bitcoin holders, including:
- Retaining Ownership of Bitcoin: Borrowers can continue to hold their Bitcoin while using it as collateral, allowing them to benefit from any future price increases in the asset.
- Tax Efficiency: By not needing to sell Bitcoin, borrowers avoid triggering potential capital gains taxes, which could be a significant advantage given the current tax landscape surrounding cryptocurrency.
- Liquidity Maintenance: Crypto holders can maintain liquidity by not having to liquidate their assets to make large purchases, freeing them up to use their cash for other investments or financial obligations.
- Diversified Investment Opportunities: By utilizing Bitcoin as collateral, borrowers can diversify their portfolios without having to sell their cryptocurrency assets. This offers a level of financial flexibility that was previously unavailable to crypto holders.
- Access to Full Financing: The program offers up to 100% financing, which removes the need for substantial cash down payments, making high-value purchases more accessible to individuals with significant digital assets.
With these advantages in mind, the Bitcoin Crypto Lending Program has the potential to attract a wide range of borrowers who are looking to finance real estate or luxury vehicles without selling their cryptocurrency holdings.
Expanding the Financial Horizon with Crypto-Backed Loans
Hankey Group’s decision to launch this Bitcoin Crypto Lending Program is a clear indication of the growing integration of digital assets into mainstream financial services. As digital currencies like Bitcoin gain broader acceptance, financial institutions are beginning to recognize the value of offering crypto-backed loans, providing borrowers with a unique way to utilize their digital assets in the real world.
The lending program is available to those who are interested in using their Bitcoin holdings for financing purposes, and the application process is straightforward and accessible. Borrowers will have the opportunity to work with Hankey Group’s experienced team to explore the various financing options available to them, ensuring that each individual’s financial needs are met.
“As digital assets become a more permanent fixture in our financial system, we’re excited to offer innovative capital solutions to our borrowers,” Ogbunamiri adds. The Bitcoin Crypto Lending Program is now available, offering an exciting new way for individuals to leverage their crypto holdings for major life purchases, such as homes and high-end vehicles.
For those interested in learning more about the program and the potential advantages of using Bitcoin for financing, Hankey Group has released a podcast that delves deeper into the details of the program. The podcast, titled “Let’s Talk Digital Assets,” features Kelechi Ogbunamiri, Chief Investment Officer of Hankey Group, discussing the benefits and mechanics of the Bitcoin Crypto Lending Program. The podcast also features insights from Winston & Strawn, the law firm that helped Hankey Group set up the legal framework and documentation for the program.
Accessing the Podcast: “Let’s Talk Digital Assets”
To further explore how the Bitcoin Crypto Lending Program works and hear directly from industry experts, listeners can tune into the podcast. The episode provides an in-depth look at how crypto-backed loans can be utilized for real estate and vehicle financing, as well as the potential for cryptocurrency to reshape the broader financial landscape.
About Westlake Technology Holdings
Westlake Technology Holdings is a key subsidiary of Hankey Group and plays an important role in the development and execution of the Bitcoin Crypto Lending Program. Based in Los Angeles, California, Westlake is a leading auto and finance technology company with over $24 billion in assets under management. The company offers a wide range of financial services, including indirect automotive retail installment contracts, credit facilities, commercial real estate loans, and more.
Westlake Financial, one of Westlake’s primary divisions, specializes in originating indirect automotive retail installment contracts through a nationwide network of new and used automotive dealers. Additionally, Westlake Capital Finance (WCF) provides credit facilities and commercial real estate loans. The company also operates several other divisions, such as Westlake Flooring Services, Western Funding Inc., and Credit Union Leasing of America (CULA), which help offer additional services to auto dealers and consumers alike.
Through these subsidiaries, Hankey Group is able to provide a diverse array of financial solutions that can be tailored to the needs of customers, from auto loans to real estate financing and beyond. With the launch of the Bitcoin Crypto Lending Program, Hankey Group is further expanding its financial offerings, ushering in a new era of possibilities for borrowers.
Conclusion: A New Era of Financing with Cryptocurrency
Hankey Group’s Bitcoin Crypto Lending Program represents a major shift in how crypto holders can access traditional forms of financing. By allowing Bitcoin to be used as collateral for full financing, the program provides a unique opportunity for buyers to make large purchases without liquidating their cryptocurrency assets.
As digital assets continue to gain prominence in the financial sector, Hankey Group is at the forefront of innovation, offering flexible, efficient, and tax-conscious financing solutions that benefit both crypto holders and borrowers alike. Whether you’re looking to finance a new home or purchase an exotic vehicle, the Bitcoin Crypto Lending Program offers a fresh approach to leveraging your cryptocurrency holdings in the real world.
For further information on how the program works or to explore the benefits of using Bitcoin for financing, visit Hankey Group’s website or tune in to the “Let’s Talk Digital Assets” podcast.
