How does financial leasing intervene in the real estate industry?

As a new industry, financial leasing is both the desire of the latter and the expectation of the former. Based on the practice of these two industries, we believe that the opportunities for financial leasing to intervene in the real estate industry are as follows: 1. Real estate equipment financing 1. Mainly elevators, air conditioners, fire protection, building security systems and lighting equipment (including software and installation fees). As long as the prospects of real estate projects are good, real estate developers only need to raise 65,438+00-30% in cash (the requirement for self-financing for leasing is far lower than the standard of raising more than 30% for development loans), and the rest is financed by financial leasing companies. Financing lease can solve 10-30% of the funds for real estate development. 2. The rent recovery period for the sale of real estate equipment such as houses, and the construction period for the sale of real estate projects shall be the lease grace period (that is, only interest is charged without principal). On the premise that the financial leasing company agrees that the developer sells the real estate, the starting point of equipment principal recovery is the pre-sale of the real estate project, and the net cash flow after deducting the pre-sale progress from the pre-sale income is rolled into the project development, which is first used to repay the rent, so as to ensure that the rent recovery progress is faster than the sales progress and avoid the suspension of the leased property and rent. In other words, the rent must be paid in full before the property is sold out. At least, the developer's profits can't be cashed, and the rent is not collected. 3. Equipment rental recovery of real estate (business and office) held by developers. Financing lease of equipment in commercial and office real estate developed by developers for the purpose of holding is a typical lease form. The whole development and construction period of the project is the grace period of financing lease, and the rent is recovered from the real estate rental operation. However, the lease term and the rent amount of each period of financial leasing must be highly coordinated with the real estate rent situation (the frequency of rent collection and the rental income of real estate developers are used to repay the rent after deducting taxes and fees, and the distribution of increasing rental returns is high before and low after), which truly reflects the support of real estate developers for rent (the rental expenditure of financial leasing is guaranteed by rental income). Second, revitalize developers to hold mature commercial properties. Developers often hold a large number of high-quality commercial and office properties (long-term rental income, sharing property appreciation income), but it greatly limits the timely turnover of development funds. Although the operating property mortgage loan can also solve the funds of some high-end properties, banks have very strict norms on the quality and scale of properties and the quality of tenants, which is quite limited and can greatly reduce the financing amount (to ensure the safety of bank credit funds). Developers will finance their mature commercial properties through financial leasing companies, with lower financing threshold (for leasing companies, the market is broader) and larger financing amount. It can be dismantled according to the balance of the developer's rental income after deducting the operating expenses during the financial lease period, so that the developer can get more cash for the development of new projects in the current period. Third, the development of high-quality commercial real estate The subject matter of contemporary financial leasing is no longer simple machinery and equipment. Chinese and foreign laws and regulations stipulate that all movable property and immovable property listed in the fixed assets of enterprises can be used as lease items for financial leasing. At present, it has successfully financed and leased real estate (such as government office buildings such as the investment service center building of Tianjin Free Trade Zone Airport Logistics Processing Zone and the assembly line of Tianjin Airbus A320 project); Roads and bridges become the subject matter of financial leasing (for example, the 3.329 km section of the bend section of Binhe Street in Jixian County, Tianjin (Zhongchang Road-Sizhong Road)); Wuhan Fourth Bridge); Moreover, projects under construction (docks, highways, schools) can also be used as the subject matter of financial leasing (for example, Zhoushan Tongji Shipbuilding Co., Ltd. is building dock structures and equipment, and Yueyang Municipal Government of Hunan Province plans to build 65.438+0.4 billion yuan of urban South Ring Road and 70 million yuan of sewage treatment system. For details, please refer to Luo's understanding of the credit of financial leasing projects). Therefore, financial leasing can also participate in the development of high-quality commercial real estate projects with extremely low market risk.