A Massive Amount of Cash
After breakfast, Zhang Yang dropped Bei Wei off at her company, then headed to the bank to look into getting a loan.
All major banks offered real estate mortgage loans.
However, in his case, he also needed business transaction records. There were quite a few requirements, and the maximum amount he could borrow was nowhere near what he had imagined.
Sure enough, he made the rounds of several major banks.
Getting a loan was not a problem. He met all the hard requirements, and the COFCO Seaview No. 1 apartment was an exceptionally valuable asset.
But borrowing over a hundred million was simply impossible. Even several tens of millions would be difficult.
The reason was that a property worth several million could be loaned against at eighty or ninety percent because it was easy to sell and had potential buyers. But for a property worth over a hundred million, even if the bank seized it and put it up for auction, finding a suitable buyer would be difficult.
Therefore, being able to borrow forty or fifty million was already quite good.
Naturally, that figure was still far from the amount Zhang Yang had in mind.
"Forget it. I'll sell it, then." Zhang Yang did not hesitate and made his decision on the spot.
He was certainly reluctant to let it go. After all, the former owner, Luo Xinyu, had taste that suited him perfectly, and the decor had pleased him immensely. He also had some wonderful memories in that COFCO Seaview No. 1 apartment.
Although he had not owned the place for long, he had still grown attached to it.
But when he thought of that business worth over a billion, clearly priced below its true value, he knew that once this opportunity passed, it