Rikvin Capital, a trusted financial partner for property developers, has once again demonstrated its commitment to supporting property development in the UK. With a quick bridge loan amounting to £11,162,000, a reputable property developer was able to acquire a high-potential development site in Central London. The strategic location and impressive market value of the commercial property make it a lucrative investment for the developer.
Completion Time: Rikvin Capital’s team of experts worked tirelessly to provide the necessary financing within an impressive two-week timeframe. This swift completion allowed the developer to move forward with their plans and capitalize on the high-potential site in the heart of London’s commercial district.
The Project: The Central London site presents immense possibilities for the property developer. The strategic location and high market value of the commercial property make it a prime choice for investors looking to develop properties that will generate significant returns. The developer plans to transform the site into a mixed-use development, including retail, office, and residential spaces.
The Bridge Loan: To secure the high-potential site, the developer needed quick access to capital. Rikvin Capital’s bridge loan provided the necessary funding to complete the purchase and initiate the development project. The loan’s 41% Loan-to-Value ratio demonstrates Rikvin Capital’s confidence in the property’s market value and potential.
The loan’s 12-month duration and monthly payment schedule provide the developer with the flexibility and time needed to complete the development and secure long-term financing. Rikvin Capital’s ability to provide funding in just two weeks allowed the developer to seize the opportunity and secure the property without any delays.
Conclusion: Rikvin Capital’s quick and efficient bridge loan solution has enabled a property developer to secure a high-potential commercial site in Central London. With the necessary funding in place, the developer can now focus on transforming the site into a lucrative mixed-use development. Rikvin Capital remains dedicated to providing bespoke financing solutions to developers, ensuring they can seize valuable opportunities and contribute to the growth of the UK’s property market.
|Market Value||£ 27,000,000.00|
|Loan Amount||£ 11,162,000.00|
|Duration of Loan||12 Months|
|Asset Type||Commercial Property|
|Completion Time||2 weeks|