My 1999

"Take all the land in our hands for loans and fill up the holes." Xu Liang said.

Lu Jue nodded regretfully.

He originally thought that the big boss would continue to invest in Taihua Real Estate, but now it seems that is impossible.

Xu Liang originally wanted to use first-hand construction parties to advance funds for those unfinished buildings that were resumed, but after thinking about it, he decided not to do so.

The construction party will also have many concerns about unfinished real estate, and it is not easy to negotiate. Xu Liang does not want to waste too much time on it. After all, most of Taihua's real estate is self-sustained, and the earlier you build it, the sooner you can make money.

"Lao Lu, our project does not require the construction party to advance funds, but we must pay more attention to the quality. When signing the contract with the construction party, we must focus on this aspect. Once there are major safety hazards that affect the entire project, let them Compensate for our losses.”

"yes."

Lu Jue nodded.

"Lao Sha, how are you doing here?" Xu Liang asked.

Sha Zhigang said quickly: "At present, we have acquired Jingtai Autonomous City, Machinery Industry Operation and Service Building (Zhongyu Building), Jinfei International Apartment (Platinum Palace International Center), Magic City Longsheng Building and North Bund Hongbang International building.

Currently, there are still Modu Jinhui Building, Xujiahui Baotong Building, Fumin Commercial Building and Beijing Shangdu International (SOHO Shangdu) that have not been acquired. "

"Is there enough money?" Xu Liang asked.

"Enough, and now that the housing market is on an upward trend, it has become much easier for us to raise financing. So there is no problem in supporting the acquisition and later construction of these nine buildings." Sha Zhigang said confidently.

Xu Liang sighed, using other people's money is different from using his own money.

Use other people's money, and as long as the property market is still rising and the fund's return rate is good, it will be inexhaustible.

My own money was used up in a short time.

"Well done. The next few projects will not take long to be completed. So next, in addition to supervising the resumption of project work, you will focus on contacting Beijing, Shanghai, and Yangcheng. We have solved so many unfinished projects for them. Lou, always reward us with a few pieces of good land in the CBD or business district.

All these lands are under the ownership of Taihua. "

"Mr. Xu, we have no money." Lu Jue couldn't help but remind him.

Xu Liang couldn't help but frown. He really had no liquidity in his hands now.

But it’s not like he can’t get money.

For example, Yahoo Japan's 10% stake has now increased in value to 1.2 billion. He used this stake to borrow $250 million from Mizuho Bank of Japan two years ago.

If we take out another loan, we will be able to come up with at least US$800 million in liquidity.

However, he has no plans to move Yahoo Japan's shares eastwards.

This is the reserve fund he has prepared for next year's US-Iraq war, and it must not be used now.

"I will take care of the money. You just need to get the land. Get as many good plots as possible. The more, the better." Xu Liang said.

2002 was the best opportunity to acquire land.

After this year, land prices will continue to rise in the next three years, and a lot of idle funds will rush in to compete for them, which invisibly amplifies competition.

Moreover, after the bidding, auction and auction are completed, some hidden rules cannot be used, and it will not be as easy as it is now to obtain land.

"yes."

After the two sides discussed for a long time, the three people left.

Xu Liang touched his chin, and after pondering for a long time, he took out his cell phone and called.

It didn't take long to get through.

"Mr. Xu?"

Xia Changsheng's voice came over.

"How are the loan negotiations with Morgan Stanley going?"

"The contract is about to be signed."

"Let's talk again and loan out as much money as possible while keeping the interest rate unchanged," Xu Liang said.

"OK."

Xia Changsheng didn't ask any further questions and agreed directly.

After Xu Liang hung up the phone, he breathed a sigh of relief.

The original contract negotiated with Standard Chartered was that Hanhua would hand over the exclusive cooperation rights in Southeast Asia, South Asia, the Middle East and Africa to Standard Chartered, and the latter would give 16.8% of its equity to Red Rock Fund.

This stake is worth US$1.3 billion.

Xu Liang invested US$840 million, and the remaining US$460 million required loans.

Xia Changsheng is currently negotiating with Morgan Stanley. He wants to mortgage Standard Chartered's equity and lend US$460 million. Now Xu Liang needs more money, and of course more loans.

US$840 million can be loaned 80%, US$672 million.

After deducting US$460 million, US$212 million remains.

If you use conventional means, you can only get two or three CBD plots for this amount of money at most. For land like Jianwai SOHO that often exceeds 100 acres, you can only get one piece.

But if he can get through the bank background, he can play capital operations, pay 30% down, and then mortgage 70% of the land to complete the payment of the land payment.

Then let the construction party advance funds for development.

It's not difficult to get through the bank. I am a major shareholder of Standard Chartered.

With land as collateral, it is not difficult to get low-interest loans.

But this is the last money he can invest in the real estate industry.

In the end, you can buy whatever you can.

——

‘Gulu…. ’

The clear tea water rolled down and slowly filled the tea cup.

Xu Liang picked it up, took a sip, and praised sincerely: "The tea supplied directly to Ouchi has a different taste."

Jiang Xiaoyang put down the teapot, "What's different? Don't you drink this special Lu'an Guapian often?"

"It feels different. It smells of power."

Jiang Xiaoyang rolled his eyes at him.

With Xu Liang's current wealth, what good things can't he buy?

Looking at Xu Liang drinking tea leisurely, Jiang Xiaoyang couldn't help but said: "Do you know how you are called outside now?"

"How do you call it? King of junk or king of junk buildings?" Xu Liang said indifferently.

"Both. But now I'm calling you the one who took advantage of me."

"Take advantage of yourself?" Xu Liang smiled.

It is true that investment in unfinished buildings is much more expensive than acquiring land to build a new one, and it is actually true that outsiders call him that.

However, prime plots of land within the Third Ring Road are rarely released, and even if they are, there are more wolves and less meat. In this year when the real estate market is booming, they may not be cheap.

Although unfinished buildings cost a little more, they are generally in excellent locations and have excellent appreciation potential. As long as you hold on to them, you will make money in the future.

"Real estate is cyclical. Although the market is good now, the country has already called for preventing economic overheating. The benchmark interest rate may be raised next year or the year after. You have so much debt, aren't you afraid that the capital chain will be broken by then?"

"The capital chain is broken?" Xu Liang smiled and shook his head, "Now the value of Yahoo Japan's equity in my hand has exceeded 1.2 billion US dollars. Do you think my funds will be broken?"

"1.2 billion US dollars? Yahoo Japan's stock price is already so high?" Jiang Xiaoyang said in surprise.

"Of course. And before the end of the year, it is expected to reach a higher level."

"Why?"

"Yahoo! Japan is competing with eBay for Japan's C2C market. eBay is clearly losing and is likely to withdraw. Once Yahoo! Japan wins, the stock price will soar rapidly." Xu Liangdao.

Jiang Xiaoyang nodded clearly, "No wonder you dare to invest so much in the real estate market?"

Xu Liang smiled and shook his head, "I invest heavily in real estate, not because of Yahoo Japan's shares, but because I am optimistic about its future development."

In the next ten years, except for 2007 and 2008, most of the time it will rise.

Even if there is a small drop in the middle, he can survive it.

"Stop talking about this, how was the conversation with Su Guo?" Xu Liang continued to ask.

"Majialiang's attitude is still very stubborn, but we have opened a gap with Suzhou Fruit Corporation. By the way, aren't you heavily invested in real estate?

Jinling is also a top second-tier city in the country. If you can invest like Hangcheng, we at Hanhua will have a greater chance of winning Suguo. "

Xu Liang nodded, "That's no problem. I'll ask Lu Jue to send someone to Jinling."

Jiang Xiaoyang nodded and said, "By the way, Qinglong No. 2 Fund 3 billion has been fully raised."

"Faster than I expected." Xu Liang said.

"Of course it's fast. The floating profit of Qinglong No. 1 Fund has almost doubled in half a year. As long as you are not a fool, you will not miss Fund No. 2."

Xu Liang nodded, "Where are the other funds?"

"The White Tiger II Fund has raised US$300 million. Sun Zhenping's investment strategy is still the same as before, focusing on the bond market, but this time in addition to Apple and Amazon, he also joined eBay and BlackBerry."

"Old Sun is a wonderful man." Xu Liang said with a smile.

"He is Xiao Gui and Cao Sui. His investment route is basically based on yours. He is smart, but he may not be able to stand alone in the future." Jiang Xiaoyang said.

"As long as you can make money, as for the future, let's see."

With him watching from behind, Sun Zhenping would never really be allowed to grow up.

Jiang Xiaoyang continued: "Proud of the booming domestic real estate market, the return rate of Xuanwu No. 1 Fund is much better, which has led to a much faster financing speed of Xuanwu No. 2 Fund, especially after joining the channels of Futian Fortune and Standard Chartered. In just half a month, doubled.

It should be able to close a billion-dollar round of financing before the end of the year. "

Xuanwu Fund's investments are all leveraged, generally around three times.

This also means that if the price rises by 10%, they can get a 30% return. After deducting the loan interest rate, the return rate is more than 15%. In the entire private equity investment field, this return rate is not low.

"Phoenix 2 Fund has not grown much. The two companies we invested in, Nanfu Battery, are not bad. After being acquired by us, their revenue has been rising, but the NBA Warriors..."

Having said this, he glanced at Xu Liang, "The American media is ridiculing you for exchanging Ben Wallace for Danny Fordson and Antoine Jamison."

Xu Liang smiled, he had seen a lot of news like this.

Danny Fordson can get 10+10 double-doubles whether he is with the Nuggets or the Warriors. Although he is not as good as Ben Wallace, he is not much worse.

Antoine Jamison, the league's top swingman, averages more than 20 points per game.

A Jamison is more than Ben Wallace, let alone a Danny Fortson.

"There is too much bad news, which also affects the outside world's judgment of us, so the Phoenix Fund II is very slow to raise funds. It is estimated that it will be difficult to raise US$500 million in a short time." Jiang Xiaoyang said.

"It doesn't matter, just slow down, it will be fine when the Warriors' results come up."

"Are you so confident?"

"Would you like to make a bet?" Xu Liang smiled.

"don't want."

Jiang Xiaoyang simply refused.