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Crypto-backed real estate purchases made possible by Propy and Abra

Crypto-backed real estate purchases made possible by Propy and Abra

Propy customers can now use their digital assets as collateral in order to buy real estate. Abra’s Borrow utility will help provide the loan to make this possible.

Crypto is now penetrating the real estate sector and it’s companies such as Propy and Abra that are making the difference. Propy provides the immutability and simplicity of the blockchain for all the transactions and Abra takes care of the loan and repayments.

With flexible repayment terms and interest rates as low as 0% Abra Borrow is an attractive solution for potential buyers. The buyers can then use Propy certified real estate agents to aid them with buying and selling of properties.

Natalia Karayaneva, founder and CEO of Propy said of the partnership with Abra:

“After Propy became the first company to process a real estate transaction as an NFT, and the first real estate platform able to complete a transaction from offer to close, it was important for us to find a partner who could deliver a highly reliable crypto collateralized lending solution. Abra’s impressive borrowing platform, proven track record, and customer-first mindset make it a natural fit as a partner. We look forward to working with the Abra team to expand financing options for the real estate ecosystem.”

Bill Barhydt, founder and CEO of Abra was also upbeat on the possibilities for his company and Propy in bringing crypto to the real estate sector:

“While digital asset investment has skyrocketed, most investors are unable to use their cryptocurrency holdings to directly fund the most important purchase in their life, a home. Our partnership with Propy solves this and is a major step in bridging the gap between crypto and real estate. Together with Propy, we aim to improve lives by supercharging the real estate industry with more financial flexibility and by bringing crypto banking to the mainstream real estate market.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice  

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