Real estate project began to borrow money from Peer-to-peer Network loan platform, project overdue liquidity is difficult to guarantee

Two or three line of real estate project financing channels blocked, so from this year onwards, the real estate project began to choose to the Peer-to-peer network lending platform to borrow money.

However, the lack of sufficient capital backing of the Peer-to-peer platform, in the hundreds of billions of dollars lent to the housing enterprises, if there is overdue, then how should liquidity guarantee?

There is a commercial bank's wind control personnel think, even if the platform will wind control measures to do in place, but, in the current real estate market under the circumstances, once the risk of overdue, then Peer-to-peer platform is not able to honour.

Shenzhen established Peer-to-peer platform-Red Ridge Venture has recently been touched by these troubles.

The Red Ridge Venture investment is scheduled to be issued on August 4, the 200 million loan large list, the object is named "Fujian Project", the borrower is a subsidiary of the International Group and the Australian amorous feelings (Zhangzhou) Investment Development Co., Ltd., the loan is the real estate project "Zhangzhou Australian amorous feelings garden" phase one construction.

But the project has been questioned by investors for reasons related to an old news article. It is understood that the joint and group of companies under the development of another project "Longyan Australian Customs Park" Project, has occurred in the old shareholders of the yellow water, the loss of the Union, which led to investors couplet and group repayment ability and integrity of the query. In the face of investor skepticism, the group's website has deleted the information of Zhangzhou project and Longyan project, which has brought investors further doubts.

Chai, chairman of the group, explained that both the Longyan project and the Zhangzhou project were the plots that he had launched from the Sino-Australian Entrepreneur Federation, which was operated by different project parties. The reason for the breakage of the yellow water and wood funds is not that the Longyan project works improperly. After the loss of water in the Yellow River, the consortium has bought the project to take over. Chai added that the Longyan project is now working well.

Here, in order to solve the investors doubt, Red Ridge Venture has organized investors to visit the borrower and international group, announced the project's specific repayment sources and wind control measures, including land mortgage, equity pledge and group guarantee.

Among them, the mortgage block for the project five pieces of two of the land, the total area of more than 80,000 square meters, in accordance with the Zhangzhou government's listing price of 4.5 million/MU, the evaluation price of 420.52 million yuan, collateral to cover the project's 200 million loans.

An investor who took part in the site said he thought the mortgage valuation of the land was higher in the case of a more complete document. At the same time, since the information is not transparent to raise doubts, Red Ridge should be appropriate breakthrough confidentiality agreement, the lender more information to the investors.

Although the above questions have been Chai answered, but in the real estate industry downturn, the lack of sufficient capital backing of the Peer-to-peer network loan platform, why dare to blood transfusion housing enterprises? This has also sparked an industry buzz. In addition, the Red ridge on the million-dollar label itself and the regulator for Peer-to-peer lending small, decentralized positioning does not match.

In fact, starting from April this year, Red Ridge venture began to issue large scale, financing the largest size of 350 million yuan.

Red Ridge Venture Chairman Zhou Shiping once told the Securities Times reporter that because of the high rate of bad loans, the platform is difficult to cover the risk, so Red Ridge to the financing of large loans, while employing bank-born credit business and wind control personnel.

Zhou Shiping Frankly, big single financing, bad debt risk is basically ensured, but the assumption that the project is overdue, liquidity risk is unavoidable. The Red Ridge adopted the approach is to set aside the overdue repayment of the time, that is, if the contract signed 6 months of repayment of the project, the date of the extension to 9 months.

A commercial bank wind control personnel said, in the real estate market under the situation, the bank is affected by the policy, has been two or three lines, off-site real estate project financing closed the door. So the housing enterprises to guarantee companies, real estate funds to seek additional financing channels. This year, the housing companies began to choose to borrow on the Peer-to-peer platform.

The staff said that the Red Ridge venture in the wind control measures and banks similar, land mortgage rate control under 50%. Theoretically, there is a sufficient value of collateral, the risk is ultimately controllable; however, once the project schedule is not completed on time, or pre-sale can not proceed according to plan, the platform will appear cash flow shortage. While Peer-to-peer platform has few registered capital and no ability to honour, the risk of a platform being kidnapped by a single project is very high.