What are the modes of financing land acquisition for real estate enterprises?

Hello, I hope that renting can help you, and I hope to adopt it. Thank you! \x0d\ 1。 Land acquisition stage: inferior investors set up limited partnership through SPV, and graded funds subscribe for limited partnership shares directly or through SPV. Limited partnership funds and holds the project company established by the developer as the target project. Inferior investors here refer to financial institutions that participate in the whole stage of real estate project operation and aim at obtaining dividend income after project development and sales. \x0d\2。 From the time of land acquisition (land transfer payment) to the time of development loan: the graded funds subscribe for the priority share of the limited partnership through SPV, the financier-developer subscribes for the inferior share of the limited partnership in the form of not limited to cash and equity, and the limited partnership provides funds to the project company in the form of not limited to entrusted loans and equity investment with repurchase conditions. \x0d\3。 Development loans: Trust loans and bank loans can be directly used when the underlying projects meet the "4-3-2" standard stipulated by CBRC, but the capital cost of non-bank financial institutions under the Group is not superior to bank loans. Only the banks in the group can make development loans. However, non-bank financial institutions will still have development loans if the financier has a strong demand for capital use efficiency and capital supervision and can meet these requirements. \x0d\4。 Others, not limited to specific stages: \x0d\( 1) factoring accounts receivable of the project company; \x0d\(2) The developer uses the self-sustaining or closed real estate as the basic assets, and carries out financing through the trust of property rights and asset income rights; \x0d\(3) Credit enhancement of property insurance policies introduces funds from online platforms, and loans for designated or unspecified purposes are issued to developers through SPV. \x0d\ The above is only the basic trading mode. In practice, due to the risk control and compliance requirements of the funder or the credit level of the financier, the transaction structure will be adjusted accordingly.