Rikvin Capital provides a short-term loan for refinancing in Singapore
|Location||Bukit Timah, Singapore|
|Market Value||S$ 36,000,000|
|Loan Amount||S$ 20,000,000|
|Duration of Loan||12 Months|
|Payment Schedule||Monthly Interest Payment|
|Asset Type||Good Class Bungalow|
|Completion Time||14 Days|
- The individual was paying a high-interest rate every month on his previous short-term loan.
- The client only required a loan-to-value of 55% on his security to use as working capital in his business.
- After performing the necessary due diligence, Rikvin Capital was able to provide the client with a short-term loan at a reduced interest rate.
- Rikvin Capital took over the first charge of the property after the client repaid the previous debtor.