# Short-Term Financing for Service Apartment Case study · United Kingdom · Published 2018-07-16 · Updated 2026-06-09 · By Rikvin Capital > Location: Edinburgh, United Kingdom Market Value: £2,500,000 Loan Amount: £1,000,000 ## Deal summary | | | | --- | --- | | Asset Type | Service Apartment | | Locations | Edinburgh, United Kingdom | | Loan Amount | £1,000,000 | | Loan-to-Value | 40% | | Market Value | £2,500,000 | | Duration of Loan | 24 Months (12 Months + 12 Months renewal) | | Payment Schedule | Monthly Interest Payment | | Completion Time | 14 Days | An individual had their sights set on purchasing a distressed property, but their dream was almost thwarted by a tight deadline. They needed the funds within a week to secure the deal, but their traditional bank was unable to provide them with a loan in time. Desperate for a solution, the individual reached out to Rikvin Capital for help. Rikvin Capital understood the urgency of the situation and was able to transfer the funds in a short notice. With their support, the individual was successfully able to purchase the property at an excellent price. Two years later, the individual was able to secure a bank loan and settle their outstanding due with Rikvin Capital. This experience taught the individual the importance of having a financial partner who was flexible and willing to provide support in a time of need. They were grateful for the help from Rikvin Capital and felt proud to own the property they had worked so hard to secure. ## Problem - An Individual was looking to purchase a distressed property and needed the funds within a week to secure the deal. - The Individual was not able to secure a bank loan on time. ## Solution - Rikvin Capital was able to transfer the funds in a short notice. - With the help of Rikvin Capital, the client was successfully able to purchase the property at an excellent price. - The Individual managed to secure a bank loan after 24 months and settle his outstanding due with Rikvin Capital. **Related:** [Read about when Rikvin Capital provided bridge funding for 149 properties in Blackpool, UK](https://www.rikvincapital.com/case-study/149-properties-blackpool/) - **Location:** Edinburgh, United Kingdom - **Market Value:** £2,500,000 - **Loan Amount:** £1,000,000 - **Loan-to-Value:** 40% - **Duration of Loan:** 24 Months (12 Months + 12 Months renewal) - **Payment Schedule:** Monthly Interest Payment - **Asset Type:** Service Apartment - **Completion Time:** 14 Days ## Frequently asked questions ### Can Rikvin Capital fund a UK distressed-property purchase fast? Yes. The Edinburgh case lent £1 million against a £2.5 million service apartment (40% loan-to-value) in 14 days for a distressed-asset acquisition where the bank could not meet the deadline. Distressed-purchase windows are usually too short for traditional finance; private lending fits naturally. ### How long does a distressed-property bridge loan typically run? 12 to 24 months, often with an extension option. The Edinburgh case ran 24 months (12+12), giving the borrower time to settle the asset, stabilise the operation and refinance into a long-term bank facility once the bank was willing to step in. ### Can the loan term be extended if I need more time? Yes. Where the original term proves too short, we offer extensions subject to a fresh underwrite. The Edinburgh borrower used the renewal option to give themselves a full 24 months before the bank refinance completed. Extensions are agreed at the time, not assumed automatically. --- Markdown version of https://www.rikvincapital.com/uk/case-study/service-apartment-edinburgh — provided by Rikvin Capital for AI agents. Site index: https://www.rikvincapital.com/llms.txt