Miami’s real estate landscape continues to push boundaries as The Rider Residences, the city’s first crypto-native condominium development by Rilea Group and Ciprés, announces a revolutionary financing collaboration with Milo, a Wynwood-based leader in crypto mortgage lending.
This innovative partnership introduces a new way for crypto investors to purchase property without liquidating their digital assets. Through Milo, buyers at The Rider can now use their Bitcoin or other cryptocurrencies as collateral to secure the required 40% pre-construction deposit — allowing them to maintain their positions in the volatile but potentially lucrative crypto markets while simultaneously investing in real estate.
A Two-Phase Crypto Financing Solution
What makes this program truly groundbreaking is its two-phase structure:
- Initial Crypto-Collateralized Loan
Investors can lock in a loan against their crypto assets to cover their pre-construction deposit. This eliminates the need to sell digital assets and allows buyers to continue benefiting from potential price appreciation. - 30-Year Crypto Mortgage at Closing
Upon building completion in late 2026, Milo offers a 30-year mortgage backed by the property itself, allowing qualified buyers to finance up to 100% of the purchase price — an unprecedented move in the crypto and real estate sectors. This means no cash down payment is needed at closing, making it the first of its kind on the market.
“This is a game-changer for sophisticated buyers who want to maximize their financial strategies while securing hard assets in a desirable market,” said Diego Ojeda, President of Rilea Group. “The Rider is at the forefront of this movement, offering a complete solution for transactions that align with the future of wealth and ownership.”
With interest rates in the high single digits, this lending model is particularly appealing to crypto holders who believe in the long-term value of their assets and prefer not to sell during market dips.
“At Milo, we’re redefining crypto’s role in everyday life,” said Josip Rupena, CEO of Milo. “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.”
The Rider: Crypto’s Real Estate Destination in Miami
Located at the crossroads of Wynwood, Midtown, and the Miami Design District, The Rider Residences has already made headlines for completing Miami’s first-ever wallet-to-wallet Bitcoin condo sale. Designed with bold 1970s-inspired interiors by RADYCA and boasting resort-style amenities, The Rider offers fully furnished residences from studios to three-bedroom units, with prices ranging from the $400Ks to over $1.8 million.
This partnership with Milo further cements The Rider’s status as the premier choice for crypto-native buyers looking to diversify into real estate while staying rooted in the digital economy.
As Miami continues to position itself as a global crypto and fintech capital, The Rider and Milo are leading the way — setting a new standard for how digital wealth can seamlessly integrate with physical assets.