I am the special legal adviser for the CMBS project of Jinan Xicheng Investment and Development Group Co., Ltd.


Published:

2021-04-22

I am the special legal adviser for the CMBS project of Jinan Xicheng Investment and Development Group Co., Ltd.

At the beginning of the new year, Vientiane updated. At the beginning of 2020, Zhongcheng Qingtai (Jinan) Law Firm will join hands with Guotai Junan Securities Co., Ltd. and other intermediaries to provide legal services for Jinan Xicheng Shizhong Real Estate Co., Ltd.'s "Impression City Project Asset-backed Securities Special Plan.

Commercial real estate mortgage securitization (CMBS) is a financing method of real estate securitization. It refers to the holding of profitable commercial real estate (target assets) as asset support and the cash flow generated by the target assets as support, through the establishment of a trust plan, And initiate the establishment of a special asset support plan with the corresponding trust income rights as the basic assets.

Under the current situation of economic downturn, stricter financial supervision and limited corporate financing channels, asset securitization can help to enhance the liquidity of corporate assets, revitalize assets to explore new financing space, optimize the financial situation of enterprises, improve the ability of assets and liabilities, reduce the financing risk of sponsors under the traditional debt financing mode, and realize lower cost financing.

This time, Director Yao Huming of Zhongcheng Qingtai (Jinan) Law Firm served as the general manager and sponsor lawyer of the project, and led the project team members Song Huidong, Wang Yang Baixue and Su Xiaoyan to jointly provide full legal services for the issuance of asset-backed securities.

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