|Location||Orchard Road, Singapore|
|Market Value||S$ 9,000,000|
|Loan Amount||S$ 6,300,000|
|Duration of Loan||12 Months|
|Payment Schedule||Interest Paid Monthly|
|Completion Time||7 Days|
- 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.
- 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.