Chapter 153 Repulse Bay Mansion
Chapter 153 Repulse Bay Mansion
Being poor for a long time and suddenly getting rich.
It will take some time to adjust my mentality and way of thinking.
Ordinary people like to spend one dollar at a time, but small wealthy people like Fan Wumian, who have a net worth of 300 to 400 million yuan, are already qualified to use bank leverage.
Some real estate companies in the mainland can even leverage assets worth dozens of dollars with a capital of one dollar.
Businessmen rarely use only their own funds for development. It is easier to make more by using bank funds.
For example, Zuo Ziyan’s home.
Her father and others partnered to build a new office building on Hong Kong Island, but he actually only paid about 30% of the construction cost. The rest of the construction funds came from the bank, betting that the Hong Kong property market would continue to rise in the future, and he used the rent to pay the interest.
Since there is a chance to get something for nothing, it might not hurt to go to Repulse Bay and take a look.
It was a little after 8 o'clock in the evening when we arrived at the gate of the mansion at No. Repulse Bay Road. On the way, we drove through a narrow path with almost no other vehicles on the road. It seemed quiet and private.
The young, fashionable and beautiful real estate agent was already waiting at the door of the mansion.
She helped open the brand new hollow copper door, and Fan Wumian took Zuo Ziyan and walked up the hill to the entrance of the garden house.
There is a garden and a fountain at the entrance. What comes into view is a European-style two-story building. In fact, it has a total of four floors. The white stone exterior wall looks elegant and refined.
Even the well-informed Zuo Ziyan couldn't help but exclaim:
"This mansion is so beautiful. No wonder my parents want to sell their current house and move here to live out their retirement years. Can they see the sea view from the upper floors?"
The beautiful agent named Zhou smiled and replied:
"Of course, I have sold many houses, but I have never found a better one than this one. It is surrounded by dignitaries and is very close to the homes of Mr. Li, the owner of Cheung Kong Holdings, and Mr. Zhou Dafu, the owner of jewelry."
The house must be luxurious enough to be priced so high.
After walking around the yard, Fan Wumian liked the layout of the house more and more. The interior had been renovated, and the French style of decoration was elegant and exquisite, not old-fashioned at all.
Standing by the bedroom window on the second floor, overlooking the brightly lit garden.
Zuo Ziyan said with emotion:
"It would be very comfortable to live here. My cousin held her wedding on the lawn in her backyard."
"."
Fan Wumian didn't dare to respond and just joked:
"People always want more. Your house is two stories high and has a sky garden, which is already very good."
Zuo Ziyan shook her head and said:
"It's two different things. Looking at the whole city of Hong Kong, who doesn't want to live in a mansion in Repulse Bay? The thing my father regrets most is that he didn't buy a house nearby. Later, the price increased by 20 to 30 times."
Times have changed.
But if you buy this place now, it shouldn't be a problem to make tens of billions.
Fan Wumian didn't know the value of the house, but he remembered that it took his BMW boss more than 1 billion to buy a mansion in Hong Kong.
He could use this house as collateral and add some Penguin shares for mortgage loans, which would not have any impact on Fan Wumian's current business.
It’s just a question of whether you want to buy it, not whether you can buy it.
He chatted with Zuo Ziyan and visited the upstairs and downstairs.
I found that the house was fully equipped with an indoor swimming pool, wine cellar, small private cinema, gym, and study. I could just add some daily necessities and move in right away. The total usable area was over 900 square meters.
Real estate agent Ms. Zhou introduced it carefully.
He started by introducing various furniture brands, then talked about the added value potential of this location, and then talked about the nearby supercar club, yacht club, golf club, etc.
As for the price, the seller has already suffered a lot of losses, and he is a wealthy man from the mainland, so it seems that he will not lower the price even a penny.
Just listen to this kind of words.
When Fan Wumian left, he said nothing. After all, it involved 1 million Hong Kong dollars, so he thought about calming down for a few days before making a decision.
However, after returning to the apartment.
He suddenly felt that the large flat was not so attractive anymore. His mind was filled with that luxurious mansion that was ready for move-in. He continued to search for relevant information online, fearing that he would be cheated by the real estate agent and buy a house with soul rings or other disputes.
However, there is no information available, and only some sour posts can be seen in the comment section, saying that housing prices in Hong Kong will continue to fall.
Fan Wumian only felt that in the past two years, housing prices in some places had been halved, and even if they fell, they would not be too severe.
period.
An email came, which was the last straw that broke his psychological defenses.
I contacted YouTube during the day, and a founder named Chen Shijun replied:
"I'm from Taiwan and have traveled to Hong Kong before. I'm very happy to accept the financing you offer."
"Originally, the angel round of financing would only release no more than 30% of the shares, but I have discussed with the other two partners that if you are willing to provide $50 in funding, we will give you 35% of YouTube shares."
“This is a startup project focused on video sharing. It is easy to attract users and advertisers and has unparalleled development potential.”
For fear of missing out on investors, he desperately promoted himself in the emails.
Fan Wumian is used to looking at Penguin Group, "Wulin Waijia", Youtube, etc. from the perspective of a later generation.
Actually.
These projects did not have much appeal in the eyes of others until they achieved great success.
Recently, the outside world has been busy criticizing Penguin Holdings.
I feel that it has already developed to the limit that a mainland Internet company can achieve.
The second son of the Li family even treated it as a "non-core asset" two years ago and sold 20% of Penguin Holdings to South Africa's HIM company for more than million US dollars.
Youtube is just a startup team that was founded just one month ago. If Fan Wumian hadn't happened to search for news related to video websites, he would not have noticed its existence at all.
No one could have imagined that in its previous life it would be acquired by Silicon Valley giant Google for a sky-high price of US$16.5 billion just one and a half years later.
Fan Wumian wasn't sure if Youtube could replicate its previous success with his interference, but it was only 50 US dollars, so it didn't matter if he just took a gamble.
He immediately sent an email, saying that he could prepare the contract documents and come to Hongcheng to sign the transaction.
Afraid of missing out on this wealthy investor.
Shijun replied that he would be here in two or three days, but he hoped to prove that he was not lying to them.
After a brief thought.
Fan Wumian logged into the financial account of the brokerage platform and sent a screenshot of the Penguin stock he held. It showed a long amount of more than 200 million Hong Kong dollars.
Since the position was established, the increase has been 1.71%.
It has already been discovered.
With my advantage of foresight, it would be a waste of talent to use it to get into the entertainment industry. The best way is to use it to make money.
learn by analogy.
Staring at the account, Fan Wumian thought, since he could use stocks as collateral to buy a house, could he also use stocks as collateral to continue to increase his holdings of Penguin Holdings shares?
After a quick check, I found that this is also a common practice among the rich, but if the stock price falls sharply, there will be higher risks.
The market value of Penguin Holdings almost fell below the closing price on the day of listing. It has recently launched two blockbuster projects, "Personal Space" and "Penguin Music".
Fan Wumian didn't believe that he was so unlucky.
I made up my mind immediately, thinking of talking to the bank staff tomorrow and going all in.
Far away in Silicon Valley, USA.
When Chen Shijun and his two co-founders saw the account screenshot sent by Fan Wumian, they almost knelt down before the boss.
Other startups looking for venture capital institutions often focus on other resources, impact on the future, etc. However, today Youtube only exists on PPT and is just starting to write code.
Three young men in their twenties finally caught a fat sheep, and all they could think about was how to get the angel round venture capital.
As a PPT project, $50 is a lot.
Some startup teams are doing particularly badly, and the landlord is willing to provide them with a warehouse to work in. They can use the rent as an investment and get a large amount of original equity.
There are indeed many landlords in Silicon Valley who have made a fortune by using this trick.
With this $50, it is enough to support the A round of financing.
It was agreed that the contract would be signed in Hong Kong two days later, and both parties were very satisfied.
When he lay down on the bed and prepared to sleep, Fan Wumian even felt a little guilty because it was too easy to pick up money. The main reason was that he had cut off many people's financial resources and changed their life trajectories. It felt like an adult punching a kindergarten student and snatching money from others.
soon.
He then realized that he had no guilt at all.
In his previous life, those guys were always hanging out with young models in the club, but no one wanted to have fun with them.
After selling the overseas distribution rights of "A Quiet Place" and having a large amount of extra funds in hand, the road became wider all of a sudden.
Money is rolling in and there are plenty of opportunities to pick up bargains everywhere.
As several founders of Youtube promised to give him a large number of original shares and he was about to get another unexpected fortune, Fan Wumian completely stopped considering and decided to buy the mansion at No. 89 Repulse Bay Road.
Early the next morning.
He called Zuo Ziyan over, and the two of them stayed in the living room for a while. Feeling refreshed, he took a shower and went out to meet a bank vice president who had a good relationship with her father.
Nanyang Development Bank.
There are advantages to cooperating with small banks. In order to get business, they can do their best to meet Fan Wumian's needs.
For example, for the down payment on a house, there is no need to pledge Penguin Holdings shares, but the song copyright and the copyright of "A Quiet Place" can be pledged. Nanyang Development Bank has provided a credit line of 4.05 million Hong Kong dollars, and the remaining part can be directly mortgaged by the mansion itself, and the annual interest rate is reduced to %.
As for the Penguin stock pledge loan, according to the policy limit of 60%, Fan Wumian was approved a credit line of HK$1 million.
Because it's Sunday.
I have agreed with the vice president of Nanyang Development Bank to apply for a loan tomorrow morning, and then I will ask Ms. Zhou, the real estate agent, to come out for a chat.
Fan Wumian personally called the owner of the mansion at No. 1 Repulse Bay Road, saying that he could sign the contract immediately and offered HK$8000 million. Both parties made concessions and finally the deal was concluded at a price of HK$1 million, with each side bearing each other's taxes.
Seeing that she was about to receive a one-point transaction commission, Ms. Zhou was so excited that her palms were sweating.
Two more days passed like this.
Two consecutive breaking news stories related to Fan Wumian appeared on the front pages of major newspapers at the same time.
The explosion left countless people dizzy and confused, unable to understand what was going on in this world.
He was clearly a nobleman from a poor family last year, but in the blink of an eye he had bought a mansion on Repulse Bay Road covering more than 3 square feet.
Simultaneously.
Penguin Holdings also issued a disclosure announcement because Fan Wumian's shareholding in the company quietly exceeded 5%, ranking seventh on the list of top ten shareholders, holding a total of 5.76% of Penguin shares.
Thanks to the South African HIM Group, which reduced its holdings again and sold a large number of shares to Fan Wumian.
……
(End of this chapter)