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Business

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