Rikvin Capital provides a short-term loan to finance the purchase of a property in UK
| Location | Glasgow, Scotland |
| Market Value | £2,000,000 |
| Loan Amount | £300,000 |
| Loan-to-Value | 30% |
| Duration of Loan | 12 Months |
| Payment Schedule | Monthly |
| Asset Type | Commercial Property |
| Completion Time | 14 Days |
Problem
- 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.
Solution
- 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.
We create tailored solutions for your funding needs
Do you need a short-term loan to purchase a property? Do not pass up on that opportunity! Get in touch with us now.
Refinanced Short-Term Loan at Reduced Interest-Rate