Loan Proposal for the Cheongju Special Logistics Center Development Project

Borrower Requests
1

Dear Sir/Madam,
It is a great honor to introduce this project for the first time. This project involves the development of a special logistics center within the Cheongju Central Valley Industrial Complex. Due to liquidity challenges in the Korean market, although the project is highly feasible, securing the necessary financing has proven difficult. We kindly request your support through the TrueFi platform for funding.

  1. Project Overview
  1. Location & Size : This project is located in the Cheongju Central Valley Industrial Complex, in Cheongju, Chungcheongbuk-do, with a total land area of 15,361 pyeong.
    2)Project Description : The logistics center will store goods related to secondary batteries and semiconductors. The leasing agreements for the facility have already been fully executed, with key tenants including Intergis Co., Ltd., ULP Co., Ltd., and Daon Global Logistics Co., Ltd. The project is expected to generate stable cash flow.
  1. Loan Request Details
  1. Borrower : PA Industrial Development Co., Ltd.
  2. Constructor : Geonwoo Co., Ltd.
  3. Loan Amount: USD 22.3 billion
  4. Use of Funds : The loan will be used for land acquisition, outdoor warehouse construction, and associated financial costs.
  5. Repayment Structure : Repayment will be secured through rental income once construction is completed and tenants commence operations. Additionally, repayment is planned through the eventual sale of the property.
  6. Loan Terms :
  • Interest Rate: 18%
  • Loan Term: 12 months
  • Repayment Method: Rental income and proceeds from the sale of the property.
  1. Feasibility & Risk Analysis
  1. Market Feasibility : Cheongju is home to numerous secondary battery-related companies, creating strong demand for logistics services related to the storage and transportation of raw materials for batteries.
  2. Stability : All major tenants have signed lease agreements, ensuring stable cash flow. Furthermore, the proximity to major industrial complexes in the area bolsters demand for warehouse space.
  3. Risk Analysis :
  • Land Acquisition Risk : The land purchase agreement has already been finalized, so there is no land acquisition risk.
  • Permitting Risk : The necessary permits for the special logistics center have been secured by experienced engineering firms and consultants, mitigating the risk of permitting delays.
  • Tenant Risk : All leases have been signed with tenants, reducing the risk of vacancy.
  • Sale Risk : Given the high demand for special logistics centers and the competitive rental rates, the property is expected to sell without difficulty, mitigating repayment risks.
  1. Loan Security and Collateral Protection
    To further strengthen the security of the loan, we propose the following additional collateral protection measures:
  1. Funds Management : Funds will be managed by a trustee or financial institution designated by PM and TrueFi.
  2. Legal Opinion : Legal opinions will be provided by a law firm designated by PM and TrueFi to ensure the validity of the project.
  3. Real Estate Asset Trust : In the event that the loan is not repaid by the maturity date, the real estate assets will be entrusted to a professional real estate trust company in Korea. Additionally, a first-ranking priority right will be granted to ensure the protection of the loan.
  1. Loan Repayment Plan
  1. Repayment Strategy : Repayment will be primarily supported by rental income generated post-construction. In addition, a refinancing plan will be executed through securing funds from bank loans and project refinancing before the maturity of the loan.
  2. Repayment Timeline : We aim to begin loan repayment within 3 months of the commencement of rental income, with any remaining balance to be covered by proceeds from the sale of the property.
  1. Role and Future Plans
  1. Advisory Role : As the team leader (Department Head) at Ohha Asset Management, I am serving as the project’s representative under an advisory agreement.
  2. Additional PF Projects and Corporate Financing : Along with this project, we are also working on additional PF projects and corporate financing proposals in Korea. We request the support of TrueFi experts, starting with this project, and look forward to future collaborations.
  1. Conclusion and Request
    This project presents a unique opportunity to invest in a high-demand, special logistics facility with secure rental income and a strong market outlook. We seek your vote and financial support through TrueFi to secure the necessary funding to bring this project to fruition.

I am Dale Mokson, and you can reach me through my social media accounts listed below. Please feel free to contact me at any time.

1.Telegram : Telegram: Contact @dalemokson
2.Twitter (X) : x.com

Thank you for your time and consideration.