Website: https://www.caviar.io/
Context
When it comes to private real estate lending, there is skepticism as well as a lot of hope. Private real estate lending is laden with bridge financing. The benefits of this type of lending are manifold. From construction financing to quick access to capital for borrowers, this type of financing has every trait of long term financing. Now that Real Estate sector is in its prime and comfortably scything overwhelming figure of $217 trillion, it makes sense to join the façade of crypto market. One of the first and foremost companies to realize this fact is Caviar.
About Caviar
Caviar connects the dots between the booming real estate sector and crypto market which encompasses crypto currencies and crypto assets. The parent company of Caviar is Caviar Capital LP, the firm which provides short term loans for purchasing, selling and improving single and multi-family houses in the North Eastern United States. For all intents and purposes, Caviar facilitates crowdfunding for projects pertaining to real estate. The records pertaining to IRR (Internal Rate of Return) of Caviar seem to be impressive and IRR stands at 16%. The default rate is 0%. Caviar capital intends to extend its success in coin dynamics and philosophy.
Caviar Intelligent Predictive Model (IPM)
The Intelligent Predictive Model (IPM) does price forecasting of both Crypto Assets and Crypto Currency by relying on historical data which is used to derive linear equations to project a mixture of both time invariant qualitative and quantitative metrics. Another separate model is used to analyze Bitcoin social signals. Trends are diligently observed and are compared to the underlying BTC/USD ratio at a specific date. Both the models are automated and leverage AI predictive scheme which is based on machine learning.
Caviar Real Estate Lending Process
The target audiences of Caviar are real estate developers and passionate entrepreneurs. While disbursing loans to them, Caviar follows a strict lending process. The following criteria should be met:
- Borrower CScore should be 800 or more
- After Rehab value should be less than 75%
- Market conditions should be favorable
- Location should be favorable
- The loan to value ratio at purchase should be less than 95%. This includes construction costs as well.
Profit and Dividend Distribution
Coming to quarterly profit distribution, 75% of the profit is distributed to token holders. About 20% is reinvested back and the remaining 5% constitutes token buyback and burn. It is worth mentioning that Caviar tokens are issued on a smart contract which uses ERC 20 Ethereum Blockchain protocol.
Caviar Platform
The key stakeholders of Caviar platform are
- Caviar token holders
- Real Estate Developers
- Service Providers
Caviar platform facilitates peer to peer communication. It uses community boards to promote not only education but also mentorship.
As far as security standards are concerned, Caviar uses secure wallets, cold storage, and multi-signature hardware. It complies with all the applicable regulations both during the process and after the process of token sale. In addition, KYC and AML norms will also be strictly adhered to.
For more information Visit:
Website: https://www.caviar.io/
Whitepaper: https://s3.amazonaws.com/caviar-presentations/CaviarWhitepaper.pdf
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