Application Of Asset Securitization Financing In Commercial Real Estate

Commercial real estate financing has always been highly dependent on short-term bank loans,but the current real estate industry,the traditional financing channels are limited,and its capital return cycle is long,cannot meet the long-term large-scale commercial real estate demand,the current financing model needs innovation.Based on the asset securitization financing of commercial real estate rent in Anhui province,this paper takes the asset securitization and the theory of corporate finance from the key aspects of project implementation: stable cash flow,transaction structure characteristics,financing cost and effect case analysis,to highlight the highlights and shortcomings,with a view to the follow-up commercial real estate asset securitization to provide experience for reference.In the first chapter,the present situation and the related theories are summarized in the first chapter.The second chapter introduces the case from the background of the project and the design and operation of the financing plan.The third chapter focuses on the characteristics and implementation of the financing plan.Income-based cash flow with stable and predictable characteristics,suitable for high-quality commercial property projects with commercial real estate companies to carry out asset securitization financing to trust&management plan,private equity structure of the two-tier structure designed to achieve the secondary market flow Sex.In addition,the case has a certain limit to the commercial real estate rental income-based asset securitization,it does not apply to small and medium-sized real estate business or the lack of mature commercial property projects company;the fourth chapter from the real estate developers and national governments put forward two angles Suggestions on Securitization of Commercial Real Estate Assets.