Domestic Real Estate Developers New Ways For Financing The Study

With the real estate financing new policy coming out, it's the ad hoc concerning how to deal with the financing problem in the developing phase and widening the financing channels. The real estate financing theory study in China currently concentrated in the pure theory of ways of real estate financing, while the real estate developers staggered in the stage of preliminary introductions of some new ways real estate financing . There are not a united system of real estate financing and some applied advices with the current situations of loan policy and developers. It's essential to have a deep and applied study on the real estate financing now.The basic thread of this thesis follows:Based on the local financing situation of real estate developers and analysis of the special policy pressure ahead, the thesis gave advice on the new real estate financing ways. Firstly, the thesis begins with basic character and operating experience of the ways of REITs, Syndicaiton, Securization, Real Estate Funds, Bridging Loan, then analyzing the strength and weakness of five financing ways and give applied alternatives of real estate financing ways and operating steps in detail.There are 4 parts of the whole thesis:Part 1: the summary of local financing ways of real estate developers. Firstly giving out the general theory base of enterprise financing, which solids the theory of the whole essay; secondly analyzing the concept and characteristic of the real estate developer financing; thirdly pointing out the main problems which lay in the current real estate developing.Part 2: the effects of the new loan policy (NO.121) for the real estate developers. Base on the comparison of the original and current loan policies, part 2 emphasized on the dilemma which being faced by the local real estate developers.Base on part 1 and part 2, part 3 pointing out the alternatives of real estate financing ways. Firstly listing the types of those ways and make SWOT analysis of them, secondly, pointing out the principle and standard of the reasonable financing ways. Thirdly, making sure the proper order of selecting the those ways by methods of both nature andquantity determining. This part supplied the analysis base for the next part and it's a big point for the whole essay.Part 4: some future concept and applied operating measures of those ways, firstly analyzing the operating experience of those ways in depth, which benefits the actual real estate financing in China. Secondly, giving out the detailed applied measures of those ways, thirdly making out the whole financing advice of local real estate developers stage by stage through the ordering of difficultness of those ways, lastly listing some advices on how to control the risks. Part 4 is another big point of the whole essay.In conclusion, the suggestion is Syndication and Real Estate Funds are preferred in the recent. With the legal framework developed and the real estate companies developing into a certain scale, Property Securization is better in the medium-term. Only when the legal framework matured and easy to control risks, REITs are good for the whole scientific and efficient financing system of China.