Rikvin Capital refinances an oceanfront bungalow for a client with TDSR issues
- Our client needed extra funds for business capital injection
- The mortgage amount with our client’s bank was at its maximum loan-to-value (LTV) of 50%
- However, Rikvin Capital saw the unique value of the bungalow and was able to offer a higher LTV of 70%
- Client refinanced with us and we took over the bank mortgage
Read about when a client took a short-term loan to purchase a prime office unit in Singapore here.
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