Those in real estate are always short on cash, and this year is especially tough, super tough.
Han Lie's ABS approach wasn't new, but he was the first in the Magic Capital to make a real estate financing project happen...
That might not be entirely accurate. To be more precise, he was the first financial professional in the Magic Capital to use an entire building as the primary subject for a project, thereby creating real estate asset-backed securitization funding.
In a sense, this was also quite pioneering.
It's not that no one knew how to do it before, but because real estate developers had other financing channels open, there wasn't market demand for it.
When the credit restrictions hit hard, the demand surfaced, and Han Lie immediately pulled off the Magic Capital's first deal.
A rise to fame?
That description seems a bit shallow.
Anyway, a vast number of property developers started paying close attention to Han Lie because of this.
It was a matter of timing and destiny.
