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Rikvin Capital

Rikvin Capital

Singapore's Private Funding Specialists

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Refinanced an Exclusive Bungalow in Sentosa Cove

Refinanced an Exclusive Bungalow in Sentosa Cove

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.
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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.

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Rikvin Capital Pte Ltd (UEN: 201811726Z) is an excluded moneylender under the Moneylenders Act (Cap. 188)

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