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|
|Duration of Loan||12 Months|
|Payment Schedule||Interest Paid Monthly|
|Asset Type||Shophouse Unit|
|Completion Time||10 Days|
- 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.
- 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.