Crypto mortgage lender Milo surpasses $100M in loan originations

Milo, a company specializing in crypto-backed home loans, has surpassed $100 million in total loan originations and recently completed its largest-ever single loan of $12 million, CoinDesk reported. The company offers loans of up to $25 million backed by Bitcoin or Ethereum, allowing borrowers to purchase homes, buy land, renovate properties, or invest in businesses without selling their crypto assets. Interest rates start at 8.25%. Milo is currently licensed to provide loans in 10 U.S. states.