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|
|Duration of Loan||9 Months|
|Payment Schedule||Rolled-up, paid upon completion|
|Asset Type||Condominium Unit|
|Completion Time||7 Days|
- 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.