|Location||Blackpool, United Kingdom|
|Duration of Loan||12 Months|
|Payment Schedule||Monthly Interest Payment|
|Asset Type||Mixed Portfolio of Properties|
|Completion Time||21 Days|
- 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.
- 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.