Rikvin Capital provides client with a higher LTV on his property
| Location | Sentosa, Singapore |
| Market Value | S$ 11,500,000 |
| Loan Amount | S$ 7,500,000 |
| Loan-to-Value | 65% |
| Duration of Loan | 8 Months |
| Payment Schedule | Rolled-up Interest, paid at the end of tenure |
| Asset Type | Bungalow |
| Completion Time | 14 Days |
Problem
- An Individual approached Rikvin Capital for working capital for his business.
- The Individual could not borrow from the bank as he had maxed out his TDSR.
- The property was already mortgaged at a lower LTV of 50%.
Solution
- Upon completing KYC and due diligence, Rikvin Capital was able to offer the individual a loan at a more favourable LTV of 65%.
- The Individual was able to cash out the 15% difference in LTV.
- The individual used the money for business expansions and settled the loan after 8 months.
Are you looking to fund your business?
Liaise with a dedicated specialist when you engage us for our short-term loan services. We will walk you through every step of the loan application.
Short-Term Mortgage Loan Saves Client SGD 2.25 million