majordomus - real estate financing praha, 11 st january 2011 ivo caha
TRANSCRIPT
MAJORDOMUS - real estate financing
Praha, 11st January 2011
Ivo Caha
2
Fall on the mortgage market in 2009 - 2010
Source: MMR Mortgage loans – legal entities
2008 64 733 752,00 23 247 852 56%
2009 15 341 422,00 -49 392 330 -76%
2010* 10 000 000,00 -5 341 422 -35%
In a year-on-year comparison the result of CZK 10bn of mortgage loans for legal entities means a 35% decrease
compared with 2009 and almost a 85% decrease compared with the record year of 2008
HÚ pro právnické osoby
0
10 000 000
20 000 000
30 000 000
40 000 000
50 000 000
60 000 000
70 000 000
XII.08 IX.09 XII.09 IX.10 12/2010(výhled)
HÚ pro právnické osoby
-76%
-35%
* Assumption – following the development in 1- 3Q 2010
3
Majordomus Market Share (mortage loans for legal entities)
0,00%
5,00%
10,00%
15,00%
20,00%
25,00%
2008 2009 12/2010 (výhled)
Market share
Podíl na trhu
228%
97%
With regard to the fact that in 2010 Majordomus made the same volume as in 2009 with a market decrease by 85% - it increased its market share by 546% during 2 years.
4
Financing the construction, purchase of profitable real estate
Equity – min. 30% of total costs for acquisition Pre – rent min. 50% of all areas, ISC 1,25 ,DSC 1,25 Amount Max. 200 MCZK Loan amount with respect to the yield value of the real estate
determined by the Bank‘s internal appraisers LTV max. 70% Period of loan drawing – max.2 years Loan maturity
Non-residential buildings10 – 15 years, Residential buildings 15 – 20 years
Appraisal vacant of charge Collateral
Mortgage of the real estateAssignment of claims from the rentTying of the insurance of the real estatePledge of an ownership interest
5
Financing developer projects – residential construction
Equity – min. 30% Pre – sell min. 30% Amount max. 200 MCZK LTV max. 70% Period of loan drawing – max. 2 years Loan maturity – max. 3 years after the drawdown Collateral
Mortgage of the real estateAssignment of claims from purchase prices Tying of the insurance of the real estate Pledge of an interest
Appraisal vacant of charge VAT line
6Fill in notes
Basic prerequisites for financing QIF through UCB
QIF behaves like a SPV, a special purpose vehicle In addition to projects implemented by the Bank, the QIF implements
no other projects QIF has exposure only towards UCB and its participation certificate
holders QIF can own more buildings of the same character while observing
the above terms and conditions Only UCB can be the depositary
Contact
David MünzbergGSM:+420602249005E-mail:[email protected]ázanka 5, Praha 1Tel.:955 960 517
Oto StarýGSM:606 694 152E-mail:[email protected]ázanka 5, Praha 1Tel.:955 960 508
Alan GrundGSM:605 236 811E-mail:[email protected]ázanka 5, Praha 1Tel.:955 960 519
David FialaGSM:606 694 175E-mail:[email protected]ázanka 5, Praha 1Tel.:955 960 516
www.developerskeuvery.cz