Editor's note: There are big news every day and new hot spots every day.
When people's eyes still remain on the "signature and detainment" at Wanda, Sunac, and R&F's press conference yesterday (19th), while waiting for the next headline, the former protagonist of the press, who now lives in the United States, Jia Yueting, seems to Finally stayed away from the center of the storm for a moment to get quiet.
But don't forget that many people in the country are waiting for him. At the general meeting of shareholders on the 17th, the relevant person in charge of LeTV said that “Jia Yueting is currently still in the United States and is raising funds†and “Jia Zhan is not out of line. He needs only timeâ€.
So, how much time does Jia Yueting need to raise money? Or, how much is he missing now?
On July 18, Daily Economic News (Micro Signal: nbdnews) reported exclusively that Ocean View Drive had lent two villas and five parcels of sand in California to Lone Oak Fund, a lender, for US$10 million.
▲According to the reporter’s previous rough calculations, the total purchase cost of the real estate leased by Ocean View Drive (color plots in the map) was approximately US$19 million. Every cartographic drawing
Yesterday, informed sources told the Daily Economic News (Micro-Signal: nbdnews) reporter that the above-mentioned bank loan of Ocean View Drive had already repaid the loan of 10 million US dollars. Currently, the Lone Oak Fund is no longer the lender of Ocean View Drive.
The reporter further investigated and found out that in the month of June, Jia Yueting made two mortgage loans. After clearing the loan at the beginning of the month, he did not hesitate to choose to mortgage more real estate in exchange for more liquidity and bear higher interest rates. What exactly does this mean?
â–²On July 18, Beijing, a body advertisement with Jia Yueting was printed. Source: Visual China
Early June: First Pledge with Lone Oak Fund
Daily economic news (micro-signal: nbdnews) pointed out in its report on the 18th that in the loan contract signed by Ocean View Drive and lender Oakland Fund at the beginning of last month, the collateral included the previous media exposure. Villa on the 7th and 19th Avenue of Grit Avenue, and 5 open spaces.
According to the United States local agency registration information, the two villas were purchased on August 29, 2014 and September 14, 2015, respectively, and the selling price was 7.107 million US dollars and 7.427 million US dollars. All five open spaces were purchased on August 29, 2014. After the land was purchased, it was empty. As of now, there is no information on any land refurbishment.
However, where did the Ocean View Drive use the 10 million U.S. dollars obtained from the two villas and five places in the leather bark, is LeTV, LeTV, or Jia Yueting’s own pocket? The reporter did not get more confirmation.
On July 19, the Daily Economic News (Micro Signal: nbdnews) reporter broke the news and found out that there have been some new changes in the loan situation.
On the Lone Oak Fund official website that signed a loan contract with Ocean View Drive on June 9th, the Daily Economic News (Micro Signal: nbdnews) reporter noticed the latest transaction introduction. See below.
From the picture shows real estate, transaction amount and real estate address, is not a bit familiar?
Let's take a look back at the picture of the 7th mansion on Margaret Avenue provided by American real estate agent Zillow.
I believe you also discovered that although the shooting angles are slightly different, the two pictures above are actually the same villa, which is one of the luxury houses used by Ocean View Drive.
According to the information released by Lone Oak Fund, the loan company, the details of this project are as follows:
â—Ž Total loans: 10 million US dollars
â—Ž Trading Method: Cash Refinancing
â—ŽPledges: Two sets of beachfront luxury properties for residential purposes
â—Ž Address: Palos Verdes, California
â—Ž Use of loan: Supplementary liquidity for other business activities
â—Ž exit strategy: permanent debt or other assets for sale
â—Ž Loan period: 6 months
â—Ž interest rate: 7.9%
â—Ž Initial cost: 1 percentage point
Regarding why the five sites mentioned yesterday were not included in the loan program, the Daily Economic News (Micro Signal: nbdnews) reporter contacted Lone Oak Fund LLC by email and the other party refused to reply on the ground of protecting the privacy of borrowers.
However, an American lawyer clarified to reporters that "the contents of the loan company's website may not be accurate, and legally, it will still be based on loan documents."
At the same time, an anonymous source who understands the loan details told Daily Economic News (Micro Signal: nbdnews) that the above-mentioned $10 million loan for real estate financing has been repaid by Ocean View Drive. The current Lone Oak Fund has No longer is the lender of Ocean View Drive.
End of June: Second loan to Hankey Capital
Maybe it is to get more financial support, perhaps because the LeTV car project urgently needs funds. Daily economic news (micro-signal: nbdnews) noticed that in less than a month, Jia Yueting sought another loan company. , trying to get more money.
At the end of the 18th report, the reporter once mentioned that on the 29th of last month, Ocean View Drive also signed a trust deed with a lending institution called Hankey Capital. Due to the close signing time of the contract, the relevant information cannot be queried online.
However, recently Daily Economic News (Micro Signal: nbdnews) reporter found a picture on Hankey Capital's official website.
The following figure is a picture of the mansion on the 7th Margherita Avenue found on Zillow.
The two pictures are exactly the same, that is, the loan business that Hankey Capital does is the mansion of Ocean View Drive.
Judging from the information available on the website, the nature of the financing was a bridge loan, refinancing four sets of housing and additional land on Ocean View Drive, with a pledge rate (LTV) of 75% and Ocean View Drive. The amount of loans obtained was 19.7 million U.S. dollars. From this calculation, the market value of the above pledged real estate was as high as 26.26 million U.S. dollars.
The daily economic news (micro-signal: nbdnews) reporter also inquired about the common parameters of Hankey Capital's bridge loan program. The company usually used a loan only method, the interest rate was 8.5% to 12%, and the highest pledge rate was achieved. 80%. The loan period is generally 9 to 36 months.
In other words, Jia Yueting made two mortgage loans within a month, the previous loan was returned, and the amount of the loan was much higher than the previous one, which was equivalent to an “upgrade†of the loan. At the same time, due to the increase in the amount of loans, mortgage assets have also increased, from the original "2 suites + 5 plots" into the latest "4 suites + additional land", and the latest loan company rates are also higher than the Loan Oak Fund Higher (8.5%~12% vs 7.9%).
In summary, Jia Yueting would not hesitate to pledge more assets, lend more funds, and bear higher interest rates within a month. These details undoubtedly underlined his extreme hunger for funds.
Every reporter Sun Yuting
Every edited by Zhao Yun
Shenzhen Xcool Vapor Technology Co.,Ltd , https://www.szxcoolvape.com