- Real estate
investment strategy -
-
Senior
LOAN
- Within 60% LTV
- Interest rate : 3~5%
- Level of risk : Low
-
Mezzanine
LOAN
- Within 80% LTV
- Interest rate : 8~10%
- Level of risk : Somewhat high
-
Subordinated
LOAN
- Within 100% LTV
- Interest rate : 15~20%
- Level of risk : High
-
EQUITY
- Exceed 100% LTV
- Interest rate : Excess earning
- Level of risk : Very high
- Although the top priority investor only obtains fixed interest at the level of 3~5%, investors with priorities below mezzanine priority generates profits in 2-digit rates that exceeds the market profit rate.
- Collateral stability > Project stability ▶ Focus on mezzanine priority investment
- Collateral stability < Project stability ▶ Focus on posterior priority and EQUITY investment
- Strategy for maximizing the profit rate of funds
-
- Appropriate investment
proportions for each strategy -
-
Strategy group
- 1. Fixed / Variable Income
- 2. Core Deal
Total
-
Exposure
- 0 ~ + 80%
- 0 ~ + 20%
0% ~ + 100%
-
비고
- LOAN / EQUITY
- Long-term responsibility, leased blue-chip real estate,
real investment/advance purchasing
Main strategy
Fixed / Variable Income
Core Deal
- Main strategy is fixed income (pursue fixed Interest rate) by using bridge loan for domestic real estate development project and opportunity to generate short-term high profit.
- Concurrently pursue variable income through posterior priority and EQUITY investment in accordance with project stability.
- Core Deal strategy is the strategy for purchasing or advanced purchasing of domestic real asset in best location for which rental has been completed.
* CORE DEAL FANCHOR TENANTMASTERLEASE REALESTATE (of asset that generates stable dividend through long-term responsible leasing by lessee with high credibility)
Period of real estate development project
- Prior to occurrence of sales RISK
- Sales RISK OPEN
- Completion of sales (within the limit of loan range)
- Discuss vacation of project planning
- Land contract
- Execute vacation of permits and approvals
- Transfer of ownership
- Sales/commencement of construction
- Completion of construction
- Complete collection of balance
- EXIT
Settlement of accounts of the project
- Execute bridge loan
prior to and after
land contract - Redeem bridge loan
with main PF resources
- Securitization of
project profit after
completion of sales
(achieve loan range
cover sales rate) - Redeem securitized
loan with project
profit
-