NFTfi (Peer-to-Peer)
Borrow against your property or lend to property owners through peer-to-peer loans.
NFTfi is a peer-to-peer lending platform that enables direct loans between borrowers and lenders using NFTs as collateral. Fabrica's partnership with NFTfi allows property owners to borrow against their land and lenders to offer loans secured by real property.
How It Works
For Borrowers
- List Your Property: Your Fabrica property token is automatically available as collateral on NFTfi
- Receive Offers: Lenders review your property and submit loan offers with their terms
- Accept an Offer: Choose the offer that best fits your needs
- Receive Funds: Loan funds (typically stablecoins) are transferred to your account
- Repay: Pay back principal plus interest by the due date to reclaim your token
During the loan, your property token is held in NFTfi's smart contract. You retain beneficial ownership and full rights to use the property.
For Lenders
- Browse Properties: Review Fabrica properties on fabrica.land or NFTfi
- Conduct Due Diligence: Evaluate the property using metadata, confidence scores, and third-party valuations
- Make an Offer: Specify your terms—loan amount, interest rate, and duration
- Await Acceptance: The property owner reviews and accepts your offer
- Earn Interest: Receive repayment with interest, or claim the property token on default
Loan Terms
NFTfi loans are fully customizable. Lenders specify:
| Term | Description |
|---|---|
| Principal | The loan amount offered |
| Interest Rate | Annual percentage rate (APR) |
| Duration | Loan period (typically 7-90 days) |
| Currency | Usually USDC or ETH |
Borrowers can receive multiple offers and choose the one that best suits their needs.
Borrower Eligibility Options
Lenders can target their offers to specific borrowers:
- Current Owner Only: Offer available only to the current property owner
- Any Owner: Offer transfers with the property if sold during the offer period
- Specific Future Owner: Offer reserved for a known buyer (useful for financing purchases)
Buy Now, Pay Later
NFTfi enables property purchases with built-in financing:
- A lender creates an offer for a property listed for sale
- A buyer can use that offer to finance their purchase
- The buyer pays only the down payment at purchase
- The loan initiates automatically with the sale
This streamlines property acquisition for buyers who want to preserve capital.
What Happens on Default
If a borrower fails to repay by the loan end date:
- Grace Period: The borrower has until the exact deadline to repay
- Lender Claims Token: The lender can claim the property token through NFTfi
- Ownership Transfers: The lender becomes the new beneficial owner of the property
The lender then has full ownership rights and can:
- Sell the property on Fabrica or other marketplaces
- Hold the property as an investment
- Develop or utilize the land
- Off-ramp to traditional title ownership
Getting Started
Borrowers: Browse your properties on fabrica.land, select a property, and click "Get a Loan" to view existing offers or attract new ones.
Lenders: Browse properties on Fabrica, conduct due diligence on properties that interest you, and click "Offer a Loan" to submit your terms.
For detailed protocol mechanics, visit NFTfi Documentation.
Updated 1 day ago