Case Study · United Kingdom

Rikvin Capital Completes GBP £2.275M Loan Facility

24 October 2024

Rikvin Capital Completes GBP £2.275M Loan Facility

We are excited to announce the successful completion of a GBP £2.275 million loan facility, secured against a prime residential apartment in the prestigious Kensington area of London. This transaction showcases our ability to provide fast, tailored financing solutions to meet the unique needs of our clients.

Client’s Need for Urgent Liquidity

Our client approached us with an urgent requirement for liquidity to seize a significant opportunity – the acquisition of a gold refinery. The opportunity required swift action, and our team was able to step in and structure a loan that met the client’s needs. By leveraging the value of their residential property in Kensington, which was already on the market, our client was able to move forward with their business plans while continuing the sale process of their property.

Deal Summary

  • Asset: Prime Residential Apartment
  • Location: Kensington, London
  • Market Value: GBP 3.25 million
  • Loan Amount: GBP 2.275 million
  • Loan-to-Value: 70%
  • Tenure: 11 months

Strategic Benefits for Our Client

This deal enabled our client to access capital quickly without waiting for the sale of their property to finalize. As a result, they could proceed with the gold refinery acquisition, ensuring they did not miss out on a time-sensitive business opportunity. Our flexible terms allowed the client to maintain control over the property sale timeline while securing the liquidity they needed.

At Rikvin Capital, we specialize in providing short-term bridge financing solutions tailored to high-net-worth individuals and corporates. This deal reflects our commitment to understanding our clients’ unique circumstances and delivering fast, bespoke lending solutions.

If you’re looking for fast, secure, and flexible financing solutions, get in touch with our team today to see how we can help.

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FAQ

I have an urgent business opportunity (such as a gold-refinery acquisition). Can my Kensington property fund it?

Yes. The Kensington case lent £2.275 million against a £3.25 million prime residential apartment (70% loan-to-value) on an 11-month term, releasing capital for the borrower to acquire a gold refinery. Cross-asset acquisition financing using London property as security is a core deal type for us.

Can I borrow against my Kensington property even while it is on the market?

Yes. The Kensington borrower's apartment was already listed for sale; we lent against it without disturbing the sale process. The loan is repaid from the sale proceeds when they come through, with no early-repayment penalties.

How much can I borrow against a prime Kensington apartment?

Up to 70% of valuation on prime Kensington and prime central London residential, as in this 70% loan-to-value deal. Higher amounts are sometimes possible for repeat clients with strong exit evidence; lower for more unusual properties.