Documentation

For Capital Providers

If you allocate capital and want exposure to real-property collateral, Fabrica lets you lend against tokenized land without originating or servicing loans yourself. The property tokens are standard ERC-1155 NFTs with a public, signed valuation feed, so capital can be deployed through a pool or through your own underwriting.

Two ways to participate

  • Deposit into a lending pool (passive). The DeFi lending pool lets you lend against the pool's collateral without diligencing each property yourself: the pool reads the signed price oracle and sets loan terms automatically. How diversified your exposure is depends on the loans in the pool at the time, so look at the pool's current loans and concentration before depositing. You choose the pool (and, where offered, the risk tranche, a slice of the pool with its own risk and return) that matches your risk appetite, and earn interest from borrowers. Rates are variable and not guaranteed, deposited capital is at risk, and returns and liquidity depend on pool composition and utilization.
  • Build your own underwriting (active). Because each token's estimated value and Property checks are published onchain and via API, and the value is available as an EIP-712 signed price quote, you can run your own loan-to-value policy and lend directly against tokens. This is the path for funds that want control over terms rather than a pool's automated parameters.

Risk and recovery

Loans are over-collateralized against the property token. If a borrower defaults, the collateral is handled through a defined process rather than an open-ended workout; see Loan Defaults and Liquidation and Lender Protections for how UCC Article 12 control and the liquidation path work in practice. Valuations are estimates, not appraisals, and recovery outcomes are not guaranteed; size positions accordingly.

Where to start

Updated 12 days ago

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