Bridge loan for property investor to buy distressed asset

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.

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.

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