> For the complete documentation index, see [llms.txt](https://nftuloan.gitbook.io/nftuloan-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nftuloan.gitbook.io/nftuloan-whitepaper/protocol/loan-termination/loan-to-hotdeal.md).

# Loan to Hotdeal

For the V1 protocol, we have set a hotdeal to be a loan which was not paid back in time by the borrower. At that moment, the NFT he has sent to the smart contract will not be its possession anymore. So we will have to place that NFT in our marketplace . And the loan will be renamed a “Hotdeal”. 

<figure><img src="/files/QAV0x8WJIYpBRKDJ6jgd" alt=""><figcaption></figcaption></figure>

Lending participants in the loan will be still tagged to receive the ethers they have lent +a commission.

When the hotdeal is active in our marketplace, any person can buy the NFT. The price for sale for this NFT will be at least 30% less than from market sites like opensea. So it can be an opportunity for NFT buyers to buy from our marketplace.\
\
When the hotdeal is sold, as the process for loan payback, all lenders involved will be refunded their borrowed ethers, and will receive a commission. Note that this commission will be substantially higher than the commission generated though a loan payback.


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