Rikvin Capital approached by UK-based company to finance a Retirement Living Development in Newton Mearns
A UK company had a dream of building a state-of-the-art retirement village in Glasgow, complete with 252 flats, a clubhouse, and an 80-bed care facility. However, their plans hit a roadblock when they failed to secure a bank loan based on the land alone. The company was left searching for a solution that would help them bring their vision to life.
Enter Rikvin Capital. The management team saw the potential in the property and decided to provide a loan to the company. They understood the importance of having a safe and comfortable retirement for seniors and wanted to be a part of making that happen.
With the loan from Rikvin Capital, the company was able to successfully develop the facility and make their dream a reality. The retirement village became a thriving community for seniors, providing them with a comfortable and safe place to call home. The company was grateful for the support from Rikvin Capital and were proud to have played a part in creating a better life for seniors in Glasgow.
Problem
- A U.K. company had planned to build 252 flats, a clubhouse, and an 80-bed care facility
- The company had failed to get a bank loan based on the land alone
Solution
- Rikvin Capital’s management team saw the potential in the property and was able to provide a loan
- The loan was concluded upon the successful development of the facility
| Location | Newton Mearns, Scotland |
| Market Value | £11,000,000 |
| Loan Amount | £3,300,000 |
| Loan-to-Value | 30% |
| Duration of Loan | 11 Months |
| Payment Schedule | Rolled up Interest, paid at the end of term |
| Asset Type | Retirement Village |
| Completion Time | 21 Days |
Rikvin Finance Vacant Prime Land Purchase in ARGYLE STREET for Redevelopment
