| Location | Blackpool, United Kingdom |
| Market Value | £6,250,000 |
| Loan Amount | £5,000,000 |
| Loan-to-Value | 80% |
| Duration of Loan | 12 Months |
| Payment Schedule | Monthly Interest Payment |
| Asset Type | Mixed Portfolio of Properties |
| Completion Time | 21 Days |
Problem
- An Individual was looking to obtain a loan from banks to finance its acquisition of 149 tenanted properties.
- However, due to no prior track record, the banks turned down the loan despite the properties having existing long-term tenant leases and positive cash flows.
Solution
- By evaluating the cash flow of the current properties, Rikvin Capital was able to provide the loan to complete the deal.
- Due to the funding provided by Rikvin Capital, the client will now be able to apply for a loan with the banks by showing a proven track record.
Do you have bridge funding requirements in Singapore or UK?
Speak to our funding specialists to find out more. We have an abundance of experience when it comes to bridge funding services.
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