“As long as it is confirmed that there is no problem with the funds, then it is a matter between the two banks, and you have the right to approve the loan for me.”
“I understand that loans require procedures and time, but let’s think about it another way: your bank can talk to the developer.”
"I believe that given the bank's reputation, the developer wouldn't be so distrustful. What do you think?"
As Chen Dong slowly recounted the story, Li Aiguo's eyes grew brighter and brighter.
"Brother Chen, you're a genius!"
What Chen Dong said is not only achievable, but also involves no illegal operations.
All of this is predicated on verifying the authenticity of Chen Dong's cash check.
Chen Dong wouldn't joke about something like this, so the cash check he issued was genuine.
"Brother Chen, I'll go back and call a meeting with the leadership team right now. Tomorrow morning, bring the HSBC cash check to our bank. Once it's verified, I'll handle the rest. What do you think?"
"That's no problem."
Chen Dong nodded and added, "Brother Li, this $5 million is a mortgage loan, not a direct cash advance. I hope you understand that."
"Cough cough cough..."
Li Aiguo smiled awkwardly and said, "Don't worry, we can write that into the loan agreement. As long as you pay off the loan and the corresponding interest, the $5 million will be returned to you."
"Can!"
Verbal promises are no guarantee; putting it in writing will put Chen Dong at ease.
"Brother Li, regarding the credit line, it's essentially using the shop I bought for 23 million as collateral. I don't care how you handle the procedures. Once I hand you a $5 million cash check and you confirm there are no problems, then..."
"I'm about to start looking for people to start renovations and to get supplies."
Li Aiguo thought about it carefully and decided to follow up on the procedures himself.
As long as the $5 million is confirmed to be in order, all other funds will go through China Construction Bank, and procedurally speaking, there shouldn't be any major issues.
Once you've coordinated with the developer and suppliers and received the approval from higher-ups, everything will be fine.
After thinking it over, Li Aiguo nodded in agreement.
......
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