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.

Need to apply for a bridge loan?
Rikvin Capital has specialists who can advise you on your loan needs and answer any queries that you might have.