Rikvin Capital approached by UK-based company to finance a Retirement Living Development in Newton Mearns
- The UK firm had planning to build 252 flats, a clubhouse, and an 80 bed care home.
- The property located in Newton Mearns is built on 15 acres of land and was valued at £11,000,000.
- The firm proposed a bridging loan and included profit sharing from the sale of the property.
- Rikvin Capital’s management team saw the potential in the deal and was able to provide a loan of £3,300,000 with a loan to value (LTV) of 30%.
Read about when Rikvin Capital refinanced a client’s residential property loan at a lower interest rate here.
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