Of course.

The transaction structure of repurchase-type equity investment is to a certain extent to avoid some restrictions on direct loans. For example, direct loans generally cannot be used to purchase land (there are no restrictions on private equity).

It should be noted here that if a financial institution, such as a trust, etc., wants to pay a developer to purchase land, the developer must be very strong, one of the top 100 real estate developers, or even the top 50. Secondly, The project location must be very good, a first-tier city, and the project must have high feasibility. Smaller real estate developers are less likely to obtain financing from financial institutions to purchase land.

There is also a special situation here, that is, private equity real estate funds. Since real estate funds have no regulatory agencies, there are no relevant management restrictions. Therefore, they have a variety of fund uses, and they are very strict with counterparties. The selection is also set based on the risk appetite of private equity funds. For example, outside of the top 300 real estate companies, as long as the profits of private equity funds are considerable, I believe there will still be some death squads.

In addition, the requirements for the newly established fund subsidiaries last year are relatively low, and they can obtain land at the same time for properties with a ranking of more than 100. Previously, a real estate developer ranked around 250 cooperated with a fund subsidiary. , part of the funds is used to pay the transfer fee.