International Conference on Construction and Real Estate Management 2016
A Risk Assessment System of Real Estate Trust Financing
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
With the implementing of national polices to prevent property bubble, it is difficult for the real estate company to get sufficient funds from loan. As a result, trust financing has gradually become the priority, especially when a small or medium-sized enterprise choosing their financing plans in growth period. Although the real estate trust has many advantages on flexibility, application scope, and financial expense, it also has some risks that could bring negative influence on the project, like capital operation risk, payment risk, credit risk, etc. This paper classifies trust financing risk into five categories: political environment risk, financial environment risk, project risk, financier risk and trustee risk, and establish a risk assessment model to appraise these factors. This new model based on the analytic hierarchy process and fuzzy comprehensive can estimate real estate trust financing risk directly. Putting forward some recommendations according to the result of model, like strengthening after-loan management, improving payment mechanism, establishing credit evaluation system and other risk control programs, helps trustee enterprises controlling risks during financing process.
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REFERENCES
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Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 1338 - 1347
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
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