| Location | London, United Kingdom |
| Market Value | £1,050,000 |
| Loan Amount | £840,000 |
| Loan-to-Value | 80% |
| Duration of Loan | 10 Months |
| Payment Schedule | Monthly |
| Asset Type | Apartment |
| Completion Time | 7 Days |
Problem
- An Individual had an existing loan with a U.K. bridging company and had defaulted its monthly repayments due to short term liquidity issues.
- The Individual approached Rikvin Capital when the U.K. bridging company stated they were going to auction off the property due to nonpayment of interest.
Solution
- Rikvin Capital evaluated the situation and acted swiftly to pay off the bridging loan company and take over the existing loan.
- Rikvin Capital permitted the client with some breathing space to resolve its short term financial issues before resuming the monthly interest repayments.
- The individual later refinanced with a bank and saved himself from having his property been liquidated.
Are you looking for a way to refinance your existing loan?
Rikvin Capital is experienced with refinancing and can make your process simple. Contact us to find out more.
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Rikvin Finance Vacant Prime Land Purchase in ARGYLE STREET for Redevelopment