|Location||London, United Kingdom|
|Loan Amount||£ 697,000|
|Duration of Loan||8 Months|
|Payment Schedule||Monthly Interest Payment|
|Asset Type||Portfolio of Residential Properties|
|Completion Time||10 Days|
- An experienced developer for properties in the U.K. needed financing to refurbish a landed property for resale.
- Getting a traditional bank loan was taking too long.
- The developer approached Rikvin Capital to provide a refurbishment loan.
- After completing due diligence & underwriting, we disbursed £700k to the borrower to allow a quick refurbishment of the property.