Rikvin Capital approached by UK-based company to finance a Retirement Living Development in Newton Mearns
A UK company had a dream of building a state-of-the-art retirement village in Glasgow, complete with 252 flats, a clubhouse, and an 80-bed care facility. However, their plans hit a roadblock when they failed to secure a bank loan based on the land alone. The company was left searching for a solution that would help them bring their vision to life.
Enter Rikvin Capital. The management team saw the potential in the property and decided to provide a loan to the company. They understood the importance of having a safe and comfortable retirement for seniors and wanted to be a part of making that happen.
With the loan from Rikvin Capital, the company was able to successfully develop the facility and make their dream a reality. The retirement village became a thriving community for seniors, providing them with a comfortable and safe place to call home. The company was grateful for the support from Rikvin Capital and were proud to have played a part in creating a better life for seniors in Glasgow.
- A U.K. company had planned to build 252 flats, a clubhouse, and an 80-bed care facility
- The company had failed to get a bank loan based on the land alone
- Rikvin Capital’s management team saw the potential in the property and was able to provide a loan
- The loan was concluded upon the successful development of the facility
|Location||Newton Mearns, Scotland|
|Duration of Loan||11 Months|
|Payment Schedule||Rolled up Interest, paid at the end of term|
|Asset Type||Retirement Village|
|Completion Time||21 Days|