Case Study · Singapore

Sentosa Saga: Tailored Bridge Financing in Action

15 January 2024

Sentosa Saga: Tailored Bridge Financing in Action

Strategic Bridge Loan Success for a Premier Sentosa Property

In a notable venture, our team successfully funded a substantial bridge loan for a luxurious property located in Sentosa, valued at 22 million. Despite the high value of the property, our funding was strategically capped at 13 million, covering the outstanding amount needed by our client.

Our client, a long-time customer of a renowned private bank, faced a unique financial predicament. Due to stringent private banking requirements mandating a minimum of 50% asset liquidity, our client was off-boarded, further complicated by their recent move overseas. This relocation posed significant challenges in securing a timely mortgage loan, propelling them into a crucial financial juncture.

Bridging Financial Gaps: Custom Solutions for Overseas Mortgage Challenges

Confronted with the dual challenge of stringent liquidity requirements and the inability to secure a mortgage overseas, our client turned to us for a solution. Recognizing the urgency and complexity of their situation, we conducted a thorough credit check and KYC process, and expediently arranged a bridge loan. This decisive action provided the client with the necessary funds to bridge the gap until a more permanent mortgage arrangement could be secured.

Beyond Financing: Facilitating Long-Term Mortgage Solutions

Our commitment to our client’s financial well-being extended beyond the provision of the loan. We introduced them to a reputable broker, facilitating the process of securing a long-term, cost-effective mortgage solution. This comprehensive approach not only addressed their immediate financial needs but also paved the way for a more stable financial future.

Client Testimonial: Timely and Efficient Financial Support

The client expressed deep appreciation for our swift and effective assistance. Remarkably, our team concluded the entire funding process within two weeks—a period typically characterized by a slow start due to the New Year holidays. This prompt and efficient service underscores our dedication to client satisfaction and our capability to navigate and expedite complex financial transactions, even under time constraints.

Commitment to Excellence: Tailoring Swift Financial Solutions

This project stands as a testament to our expertise in providing tailored financial solutions swiftly and efficiently. Our ability to adapt to unique client circumstances and navigate challenging financial landscapes, all while maintaining a high standard of service, demonstrates our commitment to excellence in the financial sector.

For those in need of agile and strategic financial solutions, our team is equipped and ready to provide the same level of exceptional service and support. We welcome the opportunity to discuss how we can assist in meeting your financial needs, especially in situations that require prompt and specialized attention.

Connect with Rikvin Capital: Your Partner in Customized Financial Strategies

Ready to Explore Tailored Financial Solutions?

At Rikvin Capital, we understand the intricacies of diverse financial needs. Our expertise in providing rapid, strategic, and bespoke financial solutions sets us apart in the industry. Whether it’s navigating complex loan arrangements or offering efficient bridge financing, our dedicated team is here to guide you through every step of the process.

For personalized consultation, feel free to reach out to us at [email protected], or connect with us via Whatsapp at +65 8133 5858. We’re here to help you find the right financial solutions tailored to your unique situation.

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FAQ

My private bank off-boarded me and I cannot get a mortgage as a non-resident. Can Rikvin Capital help?

Yes. The Sentosa case here is exactly this scenario: the client was off-boarded by a private bank for not meeting the 50% liquidity requirement, then moved overseas, which made a fresh mortgage impossible. We funded a $13 million bridge against a $22 million Sentosa property to cover the outstanding amount.

Can I borrow against a Singapore property if I am living overseas?

Yes. We routinely lend to non-resident Singaporeans, expats and foreign owners with Singapore property. Your residency does not affect our underwriting; we focus on the property value and the exit. The Sentosa borrower here was living overseas at the time of the loan.

How does this kind of liquidity-related bridge get exited?

Common exits are: rebuilding liquidity to qualify for a new private-bank mortgage, sale of the property, or refinancing into a different bank that has different liquidity requirements. The bridge gives you the time to organise the long-term solution without a forced sale.