A private equity investor took out a temporary bridge loan to finance a home renovation project. The bridge loan served as a short-term financing solution, allowing the investor to complete the renovation work and then refinance with a more permanent loan once the property had been updated. The loan was used specifically for the renovation work and was expected to be paid back relatively quickly, typically within a few months to a year.
Location | Singapore |
Market Value | $1,000,000 |
Loan Amount | $550,000 |
Loan-to-Value | 55% |
Duration of Loan | 6 months |
Payment Schedule | Monthly |
Asset Type | Asset Pledge |
Completion Time | 1 week |