What is it I am offering, I am looking for a loan of $56,000 total to be paid back $62,720 in six months or less. If the time is longer then 6 months a extension for up to 6 more months with a fee of 5,000 dollars added. The loan will be placed in first lien position against the property. For those who are not familiar with liens this means you get paid first, then the leftover is paid as profit to myself.
So the lender will only get his/her money back
when you sell the house?
If you have the 1st lien on a property then you can foreclose on the property in the event that the terms of the lien are breached (most commonly that the loan is delinquent). It is however very expensive to foreclose on a house (generally it will cost ~$15,000) and is almost always a very time consuming process. Not only this but it is very difficult to document that a bitcoin loan was actually funded which could be a potential defense the OP could raise when a lender tries to foreclose on him