Building mortgage is a financing tool used to fund the real estate developers to construct or re-develop a new building (commercial, industrial or residential) for either sale or lease-out upon completion. It is usually a medium to long term loan, covering a certain percentage of the land price and construction costs during the whole construction period. As many PRC based enterprises are setting their footholds in local properties market, we have been seeing strong and constant demand of properties over past few years.
Using internal cash position appears as the fastest and most efficient way to fund their development; however, the property developers should seek long-term commitment from banks in order to sustain for long term growth and appropriate business leverage. Before knocking the doors of the bankers, the accounting or the finance professionals should have an idea as to what types of financing are available for property developers and what the lenders will consider before approving your property loan. This workshop provides valuable insights to CFOs, financial controllers or finance managers so as to increase the chance for a positive outcome.
Key topics covered:
Session 1 (5 May)
Session 2 (12 May)
Samson Lai with two masters’ degree (MA in Professional Accounting/Information Systems and MBA) and two professional qualifications (ACIS and ACIB/Certified Banker), Mr. Lai is a seasoned banker with over 25 years of solid banking experience, covering corporate lending, credit administration, front lines sales and marketing strategies. He has wide and extensive exposure on both credit & marketing for mid-cap enterprises, property developers, REITs funds, securities firms and SMEs in Hong Kong/Macau/Guangdong Province.
This workshop is suitable for CFOs, finance controllers or finance managers who wish to know more about lenders’ consideration in evaluating and approving real estate loan and its related procedure.