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Singapore Private Funding Specialists

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Commercial Property Bridge Financing in Glasgow, UK

Home» Our Projects» Commercial Property Bridge Financing in Glasgow, UK

Refinance of an existing bridging loan facility for undeveloped prime property whilst awaiting hotel and office planning permission

  • The client wanted to refinance its existing bridging loan to lower its current interest rates. The existing deal included a charge of 2% for both entry and exit fees.
  • The client had a deadline to repay the existing debt or incur penalties for late payment.
  • Rikvin Capital was able to offer a loan of £4,060,000 against a valuation of £5,075,000 with interests to be paid on a quarterly basis. No entry or exit fees were charged.
  • The loan was secured against the undeveloped land with a Loan to Value (LTV) of 80% for a period of twelve months with an option to extend.
  • The property was held in a UK limited company which was owned by an offshore entity. This meant that Rikvin Capital had to complete due diligence on both onshore and offshore entities.
  • Being the principal lender, Rikvin Capital was able to move quickly and efficiently to complete the deal and meet the client’s requirements and deadlines.

Read about when Rikvin Capital took a 100% pledge on shares owning a property in United Kingdom here.

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Refinance your existing bridging loans with us

If you have a bridging loan that needs refinancing, our specialists are happy to walk you through the required steps.

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

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