Evaluation Of Project Financing Capability Of Commercial Real Estate Projects

Since2010, as the real estate control policies were introduced intensively, the residential real estate market has been inhibited, and the commercial real estate market has been developed rapidly. In addition, with the arrival of the new type of urbanization, the improvement of the consumption level and the transformation of the economic structure, the commercial real estate is getting rapid development as a service platform. Because the commercial real estate has a large demand for funds, a long payback period and high financing cost, shortage of funds is one of the main constraints to the commercial real estate development. For the property developers, project financing mode is an effective way to solve the problem of capital requirements. At present, research on the application of project financing of commercial real estate is also less.Based on the theory of commercial real estate construction and operation, and the related theory of real estate appraisal, this text is planned to evaluate the project financing capability of commercial property. According to the cash flow model of commercial real estate in construction period and operation period, construct the evaluation index solving model of the project financing ability. Based on the presentation of uncertain factors of project financing ability, respectively conduct single factor sensitivity analysis and multi-factor sensitivity analysis. On the one hand, analyze the impact of the uncertainty factors, find out the sensitive factors; On the other hand, by comprehensive comparison of different schemes, find out the optimal financing option. The purpose of evaluation to the project financing capability, is mainly contributed to investors to seriously consider the future of the economy, capital, finance and management problems, the reasonable capital ratios required and the debt financing ability that the project can take on in the stage of project feasibility study and project decision-making. By adjusting and improving the investment structure, establish a relatively good economic basis for the project.