> ## Documentation Index
> Fetch the complete documentation index at: https://docs.mezzamine.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Overview

> Bring your BTC-backed loan and your ASICs. We underwrite the hardware as collateral and free up your Bitcoin.

<Info>
  **Bring your BTC-backed loan. Bring your ASICs. Free up your Bitcoin.**
</Info>

BTC-Backed Loan Refinance is built for mining companies with an existing BTC-backed loan. A conventional lender counts only your Bitcoin, so 150% or more of principal sits locked as collateral. Mezzamine underwrites your ASICs into the collateral package, so most of that Bitcoin is released while the debt stays fully secured.

| Illustrative refinance   | BTC     |
| ------------------------ | ------- |
| Original Bitcoin pledged | 100 BTC |
| Pledge after refinance   | 30 BTC  |
| Bitcoin unlocked         | 70 BTC  |

| Term               | Detail                              |
| ------------------ | ----------------------------------- |
| Collateral package | Your ASICs plus a small BTC pledge  |
| BTC still pledged  | A residual pledge, set per facility |
| LTV on the fleet   | 60 to 70%                           |
| Repaid in          | BTC                                 |
| Margin calls       | None                                |
| Interest offset    | Net 0% APR target                   |

<CardGroup cols={2}>
  <Card title="How It Works" icon="arrows-rotate" href="/for-miners/btc-loan-refi/how-it-works">
    The refinance process, what changes versus a BTC-only loan, and the interest offset.
  </Card>

  <Card title="Getting Started" icon="arrow-right" href="/for-miners/btc-loan-refi/getting-started">
    Send your facility and fleet details to see how much Bitcoin a refinance frees up.
  </Card>
</CardGroup>

<Note>
  Illustrative, not a binding offer. Terms and released collateral are deal-specific. Yield on collateral depends on market conditions and how much BTC is deployed.
</Note>