How bad can reset it Hong Ling venture reproduction billion real estate venture
Preference for large single P2P hongling venture again burst into project risk. Xing Shuai sitting next to Wang in the United
21st century business Herald reporter was informed only the platform for Dalian, a real estate company 100 million yuan of loans, because of financing in June this year a major financial crisis, Red Ridge ventures announced the loan is due in advance. After July 3, financing real estate companies begin debt interest, principal still has 94 million Yuan was not returned.
21st century business Herald reporter obtained a copy of the Dalian City intermediate people's Court of "big no No. 00311 three early" civil verdict display, Red Ridge venture capital case against financier has won a judgment. Court financing enterprises hongling ventures and guarantor to repay borrowed principal 94 million Yuan, and annual interest rate floating 21% 50% standard of calculating interest on overdue.
Red Ridge ventures in to the 21st century business Herald said in reply to reporters, the project for the Liaoning project 1th December 17, 2014 bids, loan period 24 months, not to honour, Red Ridge venture capital there is no advance. Collateral valuation 182.48 million yuan of the project, the ultimate controllable risk, shouldn't cause any losses to investors.
Loan acceleration
End of November 2014, a small and medium sized real estate enterprises in Dalian Dalian Doyle Properties Limited (hereinafter "the Doyle estate") loan application to the Red Ridge venture platform.
On November 26, 2014 and on December 18, hongling road venture and the borrowers ' Doyle property and third-party CITIC Bank Dalian branch signed the loan agreement and its additional protocol. Hongling venture agreed by way of a loan by Dalian branch of China CITIC Bank to Doyle home buyers loans of 120 million Yuan, loan period from November 26, 2014 until May 26, 2016, fixed interest rate of the loan interest rate of 21%/year.
Meanwhile, Doyle real estate of the borrower and its affiliate Dalian Jia Cheng Jinma industrial limited (hereinafter "Jin Ma") for its own land and construction to Hong Ling ventures provides mortgage-backed, and Doyle real estate shareholder Jia Sheng Dalian enterprises limited (hereinafter "Dalian Jia Sheng") and the actual control of stone and others to provide the joint and several liability.
Based on the foregoing, hongling road venture at the end of December 2014 to Doyle home buyers issued a loan of 100 million Yuan, the annual interest rate is 21%, due date is May 26, 2016. Since then, borrowers continue to pay back the principal amount of 6 million Yuan.
In June 2015, the borrower Doyle real estate of a major financial crisis, the company chop, financial chop are controlled by other creditors. On June 14, Red Ridge ventures under the loan contract, Doyle announced loans for home purchase full acceleration.
Red Ling create voted Yu August 25 to 21st century economic reported of reply in the said: "June 2015, Liaoning branch for loan Hou check Shi found, borrowing Enterprise building engineering was other creditors seized, by check for borrowing enterprise and other civil borrowing disputes, civil borrowing company to borrowing Enterprise for accused filed litigation, for the litigation has endanger our claims of possibilities, I Division immediately started litigation, and preservation program.
Claim to be risk control
July 3, the Doyle home buyers began to emerge of the borrower debt interest, outstanding principal has 94 million Yuan. And as early as June 17, Red Ridge ventures will borrowers Doyle home buyers and guarantors such as prosecutions to the Dalian Institute, demand the repayment of principal and interest, and to exercise the right of priority of claim on collateral.
Business statistics, Doyle real estate is a small real estate company that was founded in May 2013, 158 million yuan of registered capital, Shijie's artificially by the legal representative, the shareholder is Dalian Jia sheng. In addition, the horse industry is Dalian shenghe Doyle real estate affiliates, actual control of the three is a natural person of Shijie's per capita and Wang Jiacheng.
In Dalian on July 4, after the hearing, judgment the Doyle estate and other repayment hongling venture loan principal of 94 million Yuan and paid 94 million Yuan for a base, 50% standard 21% floating annual interest rates since July 3, 2015 until the debts paid off overdue interest.
In addition, Red Ridge venture capital for collateral of land and construction mortgages, is entitled to a maximum limit of 120 million Yuan on mortgage auction or sale proceeds of repayment priority.
Red Ridge into the 21st century business Herald said: "the current total value of collateral 182.48 million Yuan, ultimate risk control, the next step, we will try our best to advance implementation of the case progress, strive for an early recovery of the loans.
In addition, Red Ridge ventures said, the company is actively negotiating with the other creditors of the company communication, is currently restructuring with major creditors, assignment or managed the right way to ensure smooth construction, achieving construction sales, ensure the Red Ridge venture debt from losses.