The Rider Residences, Miami’s first crypto-native condominium development by Rilea Group and Ciprés, have unveiled an innovative financing collaboration with Milo, the leading crypto mortgage lender based in Wynwood. This new partnership marks a groundbreaking advancement in how digital asset holders can acquire real estate in Miami.
Through this collaboration, crypto investors can now leverage their Bitcoin or other digital assets as collateral to secure cash deposits toward the purchase of their units at The Rider, without selling their crypto. This initial crypto-collateralized loan allows buyers to fund their 40% pre-construction deposits while retaining the upside potential of their holdings.
Once the building is complete, Milo will offer buyers a second round of financing: a 30-year crypto mortgage secured by the property, the only crypto-backed option of its kind on the market today. At closing, clients will not need to come up with any cash down payment as Milo can finance 100% of the purchase price.
“This is a game-changer for sophisticated buyers who want to maximize their financial strategies while securing hard assets in a desirable market. The Rider is at the forefront of this movement, offering a complete solution for transactions that align with the future of wealth and ownership,” said Diego Ojeda, President of Rilea Group.
Interest rates for the down payment crypto loan are in the high single digits, making it an attractive solution for clients who do not want to sell any Bitcoin and expect future appreciation. Clients will be able to access the loans to fulfill their deposit schedule with The Rider.
At Milo, we’re redefining crypto’s role in everyday life. By offering Rider buyers cash liquidity without the need to sell their Bitcoin, we’re paving the way for seamless property ownership alongside untapped crypto potential," said Josip Rupena, CEO of Milo. The Rider, positioned at the nexus of Wynwood, Midtown, and the Design District, continues to make headlines, most recently for completing Miami’s first wallet-to-wallet Bitcoin condo sale. With bold, 1970s-inspired interiors by RADYCA and a curated collection of resort-style amenities, The Rider offers fully furnished studios to three-bedroom residences, priced from the $400Ks to over $1.8M. Delivery is expected in late 2026. This milestone further cements The Rider’s reputation as Miami’s premier real estate destination for crypto-native buyers.
