Rikvin Capital provides a short-term loan to finance the purchase of a property in UK
|Duration of Loan||12 Months|
|Asset Type||Commercial Property|
|Completion Time||14 Days|
- A corporation was looking to purchase a commercial building, but was lacking liquidity and was unable to get a loan from traditional banks.
- The client was not able to provide the first charge on the property as there was an existing senior debt funded by a bank.
- In order to receive funding from Rikvin Capital, the client pledged 100% of the shares that owned the property and also pledged the rental income.
- Rikvin Capital moved quickly to provide the client with the funds required to close the deal.