A developer was in a bit of a pickle. They had found their dream property, but with the sale of their current property still underway, they were short on funds to complete the purchase. With time running out, they reached out to Rikvin Capital for help.Rikvin Capital quickly sprang into action, conducting their due diligence on the property in question and performing a valuation. Before long, the legal agreements were drafted and the money was disbursed within a remarkable 7 days. This provided the developer with the much-needed funds to complete the purchase of their dream property. Once the sale of the developer’s original property was completed and the funds returned, Rikvin Capital released the charge on the property, closing this chapter of the developer’s journey. With the help of Rikvin Capital, the developer was able to make their dream a reality and move forward with their plans.

Problem

• A developer, in the midst of selling his property, needed funds urgently to complete the purchase of another property.

Solution

• Rikvin Capital was approached by the developer to provide financing until the sale could be completed.
• After completing our due diligence on the property, Rikvin Capital conducted a valuation, had legal agreements drafted and money disbursed within 7 days.
• Once the sale was completed and funds returned, the charge on the property was released.

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