Financing the acquisition of property held for sale through subsidiary borrowings and consolidating the SPC
First written in FY2017-Q2. 4 of 7 entries say "Restated". Latest entry: FY2020-Q2.
No other company in this theme has enough history to compare yet.
- FY2020-Q2ReframedAnnual report
「Because funds raised through lending-based crowdfunding generally have relatively short redemption periods, we used them as long-term financing by continuously conducting new offerings. However, an external operator that had carried out the specific solicitation activity, referred to below as the “offering,” completely discontinued this activity in August 2019, making it impossible for our group to conduct further offerings.」
It became impossible to raise funds through additional offerings under the lending-based crowdfunding model previously used, changing the assumptions underlying the financing method. - FY2020-Q1ReframedAnnual report
「Our group uses lending-based crowdfunding to raise mezzanine financing when forming real estate funds and to raise part of the total funds needed for the business succession of medical corporations.」
The use of lending-based crowdfunding has expanded beyond mezzanine loans for real estate funds to include part of the funds needed for the business succession of medical corporations. - FY2019RestatedAnnual report
「Using a crowdfunding structure, we solicit investments broadly from individual investors and others. The offering is conducted by another company for licensing reasons, and the funds are lent as mezzanine loans to real estate funds managed by our group.」
The structure of raising funds through crowdfunding and lending them to real estate funds as mezzanine loans is restated. - FY2018RestatedAnnual report
「LCP acts as the asset manager, ロジコム is contracted to act as the property manager, and LCL provides mezzanine financing to acquire properties.」
The structure for promoting real estate funds, under which the group shares responsibility for asset management, property management and mezzanine financing, is restated. - FY2017RestatedAnnual report
「At our consolidated subsidiary 株式会社ＬＣレンディング, or LCL, we use a crowdfunding structure to solicit investments broadly from individual investors and others. The offering is conducted by another company for licensing reasons, and the funds are lent as mezzanine loans to real estate funds managed by our group.」
The group’s internal structure for raising funds to acquire real estate funds through crowdfunding and other means has been reconfirmed. - FY2017-Q3RestatedAnnual report
「合同会社ＬＣＲＦ13 is included in the scope of consolidation because most of the funds for acquiring property held for sale were raised through borrowings from our consolidated subsidiary, 株式会社ＬＣレンディング.」
It is restated that 合同会社ＬＣＲＦ13, which raised most of the funds for acquiring property held for sale through borrowings from 株式会社ＬＣレンディング, is consolidated. - FY2017-Q2First statedAnnual report
「During the second quarter of the consolidated accounting period, most of the funds for acquiring property held for sale were raised through borrowings from our consolidated subsidiary, 株式会社ＬＣレンディング, and the entity is therefore included in the scope of consolidation.」
合同会社ＬＣＲＦ13 is included in the scope of consolidation because most of the funds for acquiring property held for sale were raised through borrowings from ＬＣレンディング.