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g " means from the perspective of risk and return , between equity and debt investments in the form between . " Mezzanine financing" can be a lot of innovative financial products , as part of the sale of shares , part of the sale into a bond ; Structurally, the monthly principal and interest can be paid to investors , you can also pre- pay only when needed funds interest , and finally the return of principal . Therefore, its flexibility is ideal for real estate. " Mezzanine financing " mode can be divided into four categories: the first one is the equity buy -in is to raise funds invested in equity real estate company and then buy back , which is relatively low-level ; second is a real estate company on the one hand loans on the other hand will be part of equity and equity- beneficiary to the trust , that is, " trust ten equity pledge loans + " mode ; the third mode is a loan plus share option , repay debt maturing loans as a priority ; fourth mode is a multi- innovation . In the " mezzanine financing " The big institutional arrangements, financial innovation is much room for real estate in the debt, equity , income right side can be a variety of innovative combinations. Mezzanine financing is a quasi- real estate investment trusts . Mezzanine financing can bypass the CBRC document provides 212 newly issued Capital Trust scheme real estate developers have " four card" complete, more than 35% own funds , along with two or more qualified development policies according to their own preference investments. As for the real estate business , mezzanine financing is a very flexible way of financing , according to the special requirements of funds raised to be adjusted . Mezzanine financing provider payment methods can be adjusted to conform to the borrower's cash flow requirements and other features. The biggest advantage of mezzanine financing flexibility embodied by fusing different features of debt and equity , mezzanine financing can generate numerous combinations to satisfy investors and borrowers needs. This mode uses a lot of design elements Fund , is the real estate trust one of the main directions of development .

Raise financing. In the current real estate development and development-oriented securities financing subject to conditionality in the case , to take private placement financing is one of the roads worth exploring . Revised " Securities Law" and " Law " has been set aside for the real estate finance and innovative space , private trust fund can be used for project development or real estate investment property acquisitions that , while private offering of shares in a certain extent, solve the real estate developers and its shareholders to raise problems. Because of our private equity funds currently no legal norms, but also the lack of criteria for the classification of qualified investors , tend to make some of the lack of risk identification capability and endurance to participate in collective trust scheme , hold a larger market risk. Because private real estate investment trusts raised base price and liquidity of fund shares are not high , there are also private placement offering a limited range , mobility is not high , and thus the two financing methods have greater limitations.

Pawn financing. Pawn shops can use their convenient, efficient business characteristics , actively involved in SME financing loans. As China本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。