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近年来,随着我国城市化进程的加快,房地产行业发展迅速,已经成为国民经济的重要支柱。然而,随着房地产行业的蓬勃发展,“融资难”的问题逐渐暴露出来,传统的债务融资和股权融资规模有限,并且在利益分配、资金监管上有一定的弊端,有必要创新融资模式,提高房地产开发效率。夹层融资(Mezzanine Financing)是一种介于优先债务和股本之间的无担保长期债务,附带有投资者对融资者的权益认购
In recent years, with the acceleration of urbanization in our country, the real estate industry has developed rapidly and has become an important pillar of the national economy. However, with the vigorous development of the real estate industry, the problem of “financing difficulties” is gradually exposed. The traditional debt financing and equity financing are limited in scale, and there are some drawbacks in the distribution of benefits and fund supervision. Therefore, it is necessary to innovate financing modes , Improve real estate development efficiency. Mezzanine Financing is an unsecured long-term debt between senior debt and equity with the investor’s subscription of rights to financiers