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Rikvin Capital

Rikvin Capital

Singapore's Private Funding Specialists

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Short-Term Mortgage Loan Saves Client SGD 2.25 million

Rikvin Capital assists customer with completing the purchase of a condominium unit on Orchard Road

Location Orchard Road, Singapore
Market Value S$ 4,300,000
Loan Amount S$ 6,600,000
Loan-to-Value 65%
Duration of Loan 9 Months
Payment Schedule Rolled-up, paid upon completion
Asset Type Condominium Unit
Completion Time 7 Days

Problem

  • 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.

Solution

  • Rikvin Capital stepped in and offered to cover the full outstanding amount and the customer was able to complete within 1 week.
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Are you facing issues with your cashflow?

Liaise with a dedicated specialist when you engage us for our short-term loan services. We will walk you through every step of the loan application.

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Rikvin Capital Pte Ltd (UEN: 201811726Z) is an excluded moneylender under the Moneylenders Act (Cap. 188)

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