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|
|Duration of Loan||12 Months|
|Payment Schedule||Interest Paid Monthly|
|Asset Type||Condominium unit|
|Completion Time||14 Days|
- 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.
- 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.