Real estate loan helps CEO acquire shophouse Problem The CEO of a fund management company, John, was always on the lookout for lucrative real estate investments. One day, he heard about a fire sale in the heart of the city and decided to check it out. As soon as he laid eyes on the shophouse, he knew it was the perfect addition to his portfolio. The only problem was that he had to act fast.
John approached his usual bank for a loan, but due to the current market conditions, they were unable to provide the necessary funds in time. John was faced with the prospect of losing out on the opportunity of a lifetime.
That’s when he remembered hearing about Rikvin Capital, a company that specialized in short-term loans for real estate investments. John approached Rikvin Capital and explained his situation. In less than a week, Rikvin Capital was able to provide a $3,000,000 real estate loan, allowing John to capitalise on the opportunity and purchase the shophouse below market value.
John was elated, the shophouse was now his and he was able to complete the purchase quickly. He couldn’t wait to start generating rental income from the property and further expand his portfolio.
- The CEO of a fund management company had the opportunity to purchase a shophouse from a fire sale.
- The individual needed financing in order to complete the purchase quickly.
- In less than a week, Rikvin Capital was able to provide a $3,000,000 real estate loan.
- The individual was able to capitalise on the opportunity and purchased the shophouse below market value.
|Location||City Hall, Singapore|
|Market Value||S$ 5,000,000|
|Loan Amount||S$ 3,000,000|
|Duration of Loan||12 Months|
|Payment Schedule||Monthly Interest Payments|
|Asset Type||Shophouse Unit|
|Completion Time||10 Days|