Rikvin Capital

Singapore's Private Funding Specialists

Bridge Loan to Purchase Distressed Property

Rikvin Capital provides a loan for the purchase of a condominium in a prime location

Location Orchard Road, Singapore
Market Value S$ 9,000,000
Loan Amount S$ 6,500,000
Loan-to-Value 72%
Duration of Loan 12 Months
Payment Schedule Interest Paid Monthly
Asset Type Condominium unit
Completion Time 14 Days

Problem

  • The client had purchased a condominium unit in Orchard Road at a distressed price through an auction.
  • The property was for sale at a price that was well below market value.
  • Client was short of cash and could not apply for a property loan at the time.

Solution

  • A loan from Rikvin Capital was required to purchase the property.
  • Due to the prime location of the property, we were able to provide a loan of S$6,500,000 and the client was able to successfully complete the transaction.
  • The client is now awaiting approval for a property loan.
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