Rikvin Capital provides a bridging loan for a prime office unit in Singapore
| Location | Raffles Place, Singapore |
| Market Value | S$ 5,000,000 |
| Loan Amount | S$ 3,000,000 |
| Loan-to-Value | 60% |
| Duration of Loan | 12 Months |
| Payment Schedule | Interest Paid Monthly |
| Asset Type | Shophouse Unit |
| Completion Time | 10 Days |
Problem
- The client had the opportunity to purchase a prime office unit in Singapore at an attractive price
- The property was for sale at a price that was well below market value.
- Client needed time to obtain a property loan and could not apply for a property loan at the time.
Solution
- A loan from Rikvin Capital was required to purchase the property.
- Due to the prime location of the property, we were able to provide a loan of S3,000,000 and the client was able to successfully complete the transaction.
- The client is now awaiting approval for a property loan.
We provide short-term loans with ease and speed
Are you looking for a short-term loan to purchase an office unit? Feel free to contact us to find out how we can help.
Bridge Loan to Purchase Distressed Property
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