Rikvin Capital refinances an oceanfront bungalow for a client with TDSR issues

A client in Sentosa, Singapore had a valuable oceanfront bungalow but was facing issues with their TDSR. They needed extra funds for a business capital injection and their bank had reached its maximum loan-to-value of 50%. Rikvin Capital recognized the unique value of the property and offered a higher loan-to-value of 70%. The client refinanced with Rikvin Capital and the mortgage was taken over from the bank. After a short time, the client was able to sell the property for a profit and repay the loan.

Rikvin Capital provided a solution for the client’s financial needs by offering a higher loan-to-value and taking over the bank mortgage. This allowed the client to access the necessary funds for their business and take advantage of a profitable investment opportunity. The refinancing process was completed quickly, within 14 days, and the loan was structured with monthly interest payments.

Problem

• 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%

Solution

• Rikvin Capital realised the unique value of the property and was able to offer a higher LTV of 70%
• The individual refinanced with us and Rikvin Capital took over the bank mortgage
• Shortly after, the individual sold the property for a profit and paid back the loan.

Location	Sentosa, Singapore
Market Value	S$ 17,500,000
Loan Amount	S$ 12,000,000
Loan-to-Value	70%
Duration of Loan	12 Months
Payment Schedule	Monthly Interest Payment
Asset Type	Bungalow
Completion Time	14 Days