Case Studies

Real transactions.
Real numbers.

Two illustrative examples of how BlockClose handles crypto real estate transactions end to end — from compliance to closing.

₿ Buy-Side · Case 01

How a Bitcoin holder in Arizona closed on a $485,000 home in 18 days

Property Value $485,000
Closing Time 18 Days
BTC Held 6.2 BTC
BlockClose Fee 0.75%

A Bitcoin holder in Scottsdale, Arizona had accumulated 6.2 BTC over several years and wanted to buy a home — without touching their coins manually, dealing with exchange KYC headaches twice, or waiting for a traditional lender who wouldn't touch crypto income. They needed AZ state compliance, conversion timing protection, and a clean closing. BlockClose handled all of it.

Buyer Profile
Self-employed, Scottsdale AZ
Long-term BTC holder, no mortgage history
Property
Single-family home, Tempe AZ
Listed at $485,000
Challenge
Compliance + timing risk
AZ FinCEN rules, volatile BTC price during escrow
BTC Rate Locked
$84,200 / BTC
Day 1 price lock, protected through close
Transaction Timeline
Day 1
Application & Price Lock
Buyer submits holdings details (6.2 BTC). BlockClose locks the BTC/USD rate at $84,200 per coin for the duration of the transaction, protecting against downside volatility. AZ-specific compliance pathway selected.
Day 3
Property Verification & Source of Funds
BlockClose AI agents verify the property listing, generate a source-of-funds documentation package for AZ compliance, and confirm the transaction is within buyer's crypto coverage ratio.
Day 5
Purchase Agreement Signed
Seller accepts offer. BlockClose coordinates escrow instructions with the title company, including crypto conversion protocols and FinCEN SAR threshold management.
Day 8
Escrow Opened, KYC Complete
Escrow opened with title. Full KYC/AML package submitted — on-chain transaction history, source of funds, wallet verification. No manual exchange trips required. BlockClose handles document prep end to end.
Day 11
Inspection & Appraisal Cleared
Home inspection passed with minor repairs negotiated. Appraisal comes in at $490K — above ask. Transaction proceeds.
Day 15
BTC Conversion Executed
5.76 BTC converted to USD at the locked rate of $84,200 (total: ~$485,000). BlockClose routes conversion to minimize slippage across two execution windows. Proceeds wired to escrow same day.
Day 18
Closed ✓
Deed recorded. Keys handed over. Total time from application to close: 18 days. Remaining 0.44 BTC stays in buyer's self-custody wallet.
Cost Breakdown
Property price $485,000
Traditional broker commission (avoided) ~$9,700
Manual exchange conversion cost (avoided) ~$2,400
Title insurance $1,210
Escrow + recording fees $1,100
Inspection + appraisal $850
BlockClose fee (0.75% flat) $3,637
Estimated savings vs. traditional route ~$12,000 saved
Closed In 18 days vs. 45–60 day traditional average
BlockClose Fee $3,637 0.75% flat, no hidden charges
Savings vs. Traditional ~$12,000 Broker + manual conversion costs avoided
BTC Remaining 0.44 BTC Stays in self-custody wallet
₿ Sell-Side · Case 02

How a California homeowner converted $156,000 of equity into 1.85 BTC

Home Value $1,200,000
BTC Delivered 1.85 BTC
Monthly Payment $0
Ownership Retained 100%

A homeowner in San Jose, California had significant equity locked in a $1.2M home but didn't want to take on new monthly debt through a HELOC or cash-out refi. They wanted Bitcoin exposure — without selling the house, without new payments, and without the complexity of going to a lender. BlockClose's HEI product converted their equity directly into BTC, delivered to self-custody, in 48 hours after close.

Owner Profile
Tech professional, San Jose CA
Home owned 7 years, substantial equity built
Home Value
$1,200,000
Mortgage balance: $480,000
HEI Structure
2nd lien position
No monthly payments, no interest
BTC Delivery
48 hours post-close
Delivered to homeowner's self-custody wallet
HEI Formula — How the Equity Was Calculated
Home value $1,200,000
50% of home value (HEI cap) $600,000
Minus existing mortgage − $480,000
Net available equity base $120,000
HEI multiplier (44.44%) × 44.44%
HEI cash to homeowner ~$156,000
BTC price at conversion $84,200 / BTC
BTC delivered to self-custody 1.85 BTC
Transaction Timeline
Day 1
Equity Assessment
HomeOwner submits property details. BlockClose calculates available HEI capacity using the 44.44% formula against net equity. CA-specific second lien regulations reviewed. HEI term sheet issued same day.
Day 3
Title Search & Lien Review
Title searched for existing encumbrances. No other liens found beyond primary mortgage. 2nd lien position confirmed feasible under CA law. BTC wallet address provided by homeowner verified on-chain.
Day 7
Appraisal & HEI Agreement Signed
Independent appraisal confirms $1.2M valuation. HEI agreement executed — homeowner retains 100% ownership, full property use. BlockClose records 2nd lien. No monthly payment obligation.
Day 9
Escrow & Funding
$156,000 funded into escrow. BTC conversion order staged at current rate. Title company confirms lien position recorded with county recorder.
Day 10
Closed
Lien recorded. Homeowner signs final docs. BTC conversion order executes — 1.85 BTC purchased at market, staged for delivery.
Day 12
1.85 BTC Delivered to Self-Custody ✓
1.85 BTC transferred directly to homeowner's self-custody wallet (hardware wallet, confirmed on-chain). Homeowner owns their keys. No exchange account required. Deal complete.
Equity Converted $156,000 Zero new monthly debt
BTC Received 1.85 BTC Delivered to self-custody wallet
Monthly Payment $0 HEI has no payment schedule
Ownership Status 100% Full ownership retained
Illustrative examples. These case studies are illustrative and based on typical transaction parameters for their respective deal types. Individual results will vary based on property location, crypto holdings, market conditions at time of execution, applicable state law, and other factors. BTC price, conversion rates, and fees shown are examples only and do not represent a quote or guarantee. BlockClose does not provide tax, legal, or financial advice.

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