APX Targets First-Quarter 2027 Launch for Canadian Bitcoin Mortgages
Photo: TokenPost
APX Lending opened a Canadian mortgage waitlist Wednesday, Oct. 28, for loans backed by Bitcoin (BTC), targeting a first-quarter 2027 launch for financing a down payment or a full home purchase. APX founder and CEO Andrei Poliakov said borrowers could pledge Bitcoin toward a down payment or borrow against it to finance the entire purchase. The company has not disclosed the mortgage’s interest rate, repayment period, maximum loan-to-value (LTV) ratio, borrower eligibility or rules for margin calls, collateral liquidation and defaults. Those terms will determine how borrowers would respond if Bitcoin’s price falls.
Source: TokenPost
