The Korea Housing Builders Association said on the 8th it has built and begun operating a "PF information platform" that provides consolidation between dwellings project operators and financial institutions. The aim is to support project financing (PF) fundraising for dwellings project operators who lack transaction experience or networks with financial institutions.
The PF information platform is an online matching space that provides consolidation between dwellings project operators in need of funds and financial institutions that supply funds.
The core function of this platform is providing a "credit review report" that comprehensively analyzes business performance and risk—such as business profit-and-loss, presale potential, and repayment plans—essential for fundraising. When an operator enters project information, a professional project management (PM) institution analyzes business performance and risks and prepares a "credit review report" that financial institutions can use in loan screening.
The credit review report includes items needed for PF fundraising, such as business profit-and-loss, presale potential, and repayment plans. Operators can submit it directly to financial institutions registered on the platform. If needed, they can also request support from a PM institution for overall fundraising, including arranging financial institutions.
The association selected Epollea and Korea Asset Investment Securities as PM institutions through an open call. The two institutions will prepare credit review reports based on information submitted by operators and, upon request, support tailored fundraising operations, such as providing consolidation to financial institutions suitable for the project conditions.
The association explained it pursued the platform's buildout as dwellings project operators have found it increasingly difficult to secure project funds in a timely manner amid the recent tightening of the PF market. It focused in particular on improving financial access for small and mid-sized dwellings project operators that have few touchpoints with financial institutions.
Kim Seong-eun, head of the association, said, "It is becoming increasingly difficult to secure the necessary project funds in a timely manner during the process of promoting dwellings projects," and added, "Through the PF information platform, we will enhance our member companies' financial access and operate it soundly to help with fundraising, and we will grow it into a platform that attracts more financial institutions going forward."