Ho... How much?
The three bank Executives were dumbfounded, suspecting they had misheard.
Zhu Zheng repeated, "One hundred billion!"
Qin Jiang added, "Is that a lot?"
The three Executives: ( = ﾟ Д ﾟ = ) ( ☉ _ ☉ ) ∑ (; ° Д ° )
One hundred billion?
Is that still a lot?
Do you even hear yourself?
Let alone in 2015! Even a decade later, during the economic boom when countless companies had market values in the hundreds of billions or trillions, how many groups could casually ask for a loan of one hundred billion? Even though the three bank Executives represented three different banks, it would still average out to thirty or forty billion per bank. For local banks, this was definitely a super-sized order, and it wouldn't even be an exaggeration to call it the biggest order since their establishment.
Yet, the three Executives didn't feel excited at first; they only felt terrified, because this sum of money was simply too massive... Securing it would certainly mean a super-sized deal that would skyrocket their careers and bring countless bonuses, but the slightest mistake along the way could utterly ruin them beyond redemption.
Swish! Swish! Swish!
The three bank Executives exchanged glances and saw the same thing in each other's eyes.
Panic!
Fear!
And a trace of excitement!
Although a loan of this magnitude could ruin them if anything went wrong, if it were truly secured, the benefits to them wouldn't just be bonuses, but monumental achievements and even a promotion to the next rank.
Whew...
Whew...
A hundred thoughts raced through the three people's minds as their brains spun frantically.
Then, Executive A said, "Chairman Qin! May I ask what you plan to do with so much money?"
Qin Jiang: "Auctioning land!"
He didn't hide it either. Whatever one plans to do with a bank loan basically has to be reported, especially given the astronomical amount he was borrowing.
Auctioning land?
The three Executives nodded, obviously somewhat aware that Black Dragon Group was currently frantically auctioning land.
And they also knew about Black Dragon Group's real estate projects, which were very famous in the Northern Region.
Their housing developments became an instant hit upon opening!
Making an absolute fortune!
The three of them couldn't help but breathe a sigh of relief. Since the loan was for real estate, a very promising business, it would be much safer.
Of course, even if it looked very safe, true safety for a bank required collateral.
Executive B: "Chairman Qin! I wonder which new collateral you plan to add this time?"
The three of them looked at Qin Jiang full of anticipation. They had already received the two major milk tea brands mortgaged by Black Dragon Group as collateral, and judging by the current situation, Black Dragon Group still had many valuable assets that could be used as collateral.
For instance:
Pu Region gambling license: This thing was extremely valuable and could easily be mortgaged for tens of billions!
Black Dragon Group's subsidiary, Starlight Entertainment, was also worth around ten to twenty billion.
That Black Dragon Transportation Company could also be worth ten billion right now!
Adding all these things together, plus the newly appreciated value of the two major milk tea brands previously mortgaged by Black Dragon Group, and given that they were doing a guaranteed-profit project like real estate, they could barely manage to borrow another one hundred billion!
Put that way!
This cooperation was very likely to be reached!
Once it went through, the lives of the three of them would also usher in a new chapter. They never expected that a trip to Black Dragon Group would bring them such a huge surprise—it was truly a heavenly opportunity!
But the excitement in the three men's hearts lasted only a split second.
Qin Jiang said calmly, "Add new collateral? Didn't Black Dragon Group already mortgage the two major milk tea brands to you?"
The three Executives:???
Executive C: "Chairman Qin! What do you mean? You don't intend to mortgage the two major milk tea brands that were already mortgaged to get another 100 billion, do you?"
Qin Jiang: "What else?"
What?
All three Executives were dumbfounded!
They looked at Qin Jiang in disbelief: Not to mention that those two major milk tea brands had already been mortgaged to them to borrow a lot of money, even if they hadn't been mortgaged, relying solely on those two major milk tea brands wouldn't make it possible to squeeze out another 100 billion! That was a full one hundred billion!
They admitted that the two major milk tea brands had expanded extremely rapidly over the past two years, and their valuations were also very high!
No matter how high the valuation was, it was still just a valuation!
Today you might think a company is super awesome, but tomorrow another competing company might pop up. It was not uncommon for a company's market value to plummet several-fold within a year or two, or even a shorter time. Under such circumstances, mortgaging a brand wouldn't allow them to borrow too much.
Yet now Qin Jiang opened his mouth and asked for one hundred billion!
They were afraid that once the money was lent out, if the two major milk tea brands weren't managed well in a few years, Black Dragon Group would just dump them onto their hands.
Wouldn't they be completely screwed then?!
They absolutely could not allow this situation to happen...
Executive A: "Chairman Qin! This is absolutely impossible! Relying solely on the two major milk tea brands, it's impossible to lend you that much money again..."
Executive B: "It's not that we don't agree! No bank across the entire country would agree to this."
Executive C: "Chairman Qin! There is nothing we can do..."
Bai Lu's expression was puzzled: She was not at all surprised by the three bank Executives' refusal; anyone would refuse in this situation. What surprised her was how Brother Jiang could make such a decision. With Brother Jiang's intelligence and wisdom, he should have thought of it long ago—what was the point of doing this?
It didn't make sense!
What on earth was Brother Jiang planning?
...
At this moment.
Qin Jiang looked at the three rejecting Executives calmly and nonchalantly: "What if I say the auctioned land can also be used as collateral?"
What do you mean?
The three Executives were baffled.
Executive A suddenly reacted and said pleasantly, "Chairman Qin? Are you saying you plan to use the auctioned land as collateral... That works! Just bring over the paperwork for the land you previously auctioned, and we will immediately evaluate its value, then disburse the loan to you..."
Executive B and Executive C were also pleasantly surprised once again: If auctioned land was used as collateral, getting a loan was naturally not a problem.
Qin Jiang shook his head: "You misunderstood my meaning. What I mean is that your banks should give me the loan first, and after I use this money to auction off the new land, I will use that paperwork as collateral for you.
At the same time, my requirement is: the mortgage amount for each piece of land must be identical to my actual auction price."
Executive B: "What? You mean we lend you the money first, then you take our money to buy land, and then mortgage that land back to us, and it has to be an equivalent-value mortgage?"
Qin Jiang: "Your comprehension ability is stronger than his!"
Executive B: "..."
Executive C exclaimed, "By what right?!" Then, as if realizing there was a problem with his tone, he immediately changed his tune: "Um... Chairman Qin! I mean this is unreasonable. How could the land mortgage value possibly be the same as the transaction price!"
Land mortgage: The normal process was to evaluate it at 80% of the market price, and then grant a loan based on 80% of that evaluated price. Even for prime clients, powerful figures, or capable people, they would at most get a loan based on the evaluated price.
Basing it on the transaction price was absolute nonsense!
Besides, he heard that the land auctioned by Black Dragon Group had a premium, making it even more impossible to lend based on the transaction price.
How should I put it!
The collateral was worth 100 million!
Being able to lend you 80 million was already the upper limit!
And yet you want to borrow 150 million?
How could that be possible!