Rikvin Capital Solves Cash Flow Crisis, Allows Customer to Secure Dream Home on Orchard Road, Singapore
Rikvin Capital has successfully assisted a customer in completing the purchase of a luxurious condominium unit on Orchard Road, Singapore. The individual, who had already made payments of S$2.25 million, encountered an unexpected cash flow issue, which was not fully covered by the local banks’ limited loan-to-value (LTV) of 50%.
In response to the customer’s pressing need, Rikvin Capital stepped in and provided a loan of S$4.3 million, with a loan-to-value of 65%. The loan was structured with a duration of 9 months and a rolled-up payment schedule, paid upon completion. The quick and efficient loan process allowed the customer to complete the purchase of the condominium unit within just 7 days.
Rikvin Capital’s timely assistance provided a solution for the customer’s financial challenges, enabling them to complete the purchase of their dream home in one of the most sought-after locations in Singapore.
- An individual was about to complete the purchase of a condominium unit in Singapore.
- The individual had already made payments of S$2.25 million and was facing an unexpected cash flow issue.
- The local banks in Singapore were only offering an LTV of 50% which was not enough to cover the outstanding amount.
- Rikvin Capital stepped in and offered to cover the full outstanding amount and the customer was able to complete within 1 week.
|Location||Orchard Road, Singapore|
|Market Value||S$ 6,600,000|
|Loan Amount||S$ 4,300,000|
|Duration of Loan||9 Months|
|Payment Schedule||Rolled-up, paid upon completion|
|Asset Type||Condominium Unit|
|Completion Time||7 Days|