A property investor was in a bind when they found a great opportunity to purchase an apartment in Orchard Road through an auction. The price was well below market value, but their bank loan application was still in the approval process. They needed an urgent bridge loan to complete the purchase.
Feeling stressed and uncertain, the investor came across Rikvin Capital and reached out for help. Within 7 days, Rikvin Capital provided a $6,300,000 bridge loan, allowing the investor to successfully complete the transaction and acquire the prime property at a significant discount.
This experience taught the investor the value of having a reliable financial partner who could provide quick and effective solutions in times of need. They were grateful for the support and guidance they received and were now looking forward to reaping the benefits of their smart investment.
- 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 $6,300,000 bridge loan within 7 days.
- The loan allowed the property investor to successfully complete the transaction and acquire a prime property at a significant discount.
|Location||Orchard Road, Singapore|
|Market Value||S$ 9,000,000|
|Loan Amount||S$ 6,300,000|
|Duration of Loan||12 Months|
|Payment Schedule||Monthly Interest Payments|
|Completion Time||7 Days|