Rikvin Capital

Singapore's Private Funding Specialists

Bridge loan for property investor to buy distressed property

Location Orchard Road, Singapore
Market Value S$ 9,000,000
Loan Amount S$ 6,300,000
Loan-to-Value 70%
Duration of Loan 12 Months
Payment Schedule Interest Paid Monthly
Asset Type Condominium
Completion Time 7 Days

Problem

  • The property investor had purchased an apartment in Orchard Road through an auction.
  • The property was for sale at a price that was well below the market value.
  • The individual needed an urgent bridge loan to complete the purchase of the property while waiting for a bank loan to be approved.

Solution

  • Rikvin Capital provided a $6,300,000 bridge loan within 7 days.
  • The loan allowed the property investor to successfully complete the transaction and acquire a prime property at a significant discount.
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