65.4% of the rent is paid using rent loans.

Editor’s note: This article is from , author: Pan Leiyi.

Recently, Qingke Apartment responded to the rumor that the Qingke Apartment closed down on social media and the after-sales service is arranging a deposit and loan refund at the Shanghai headquarters.

Qingke Apartment issued an official statement saying that the company is currently experiencing financial difficulties, but the company is still in normal operation and will certainly bear the responsibility of paying the payables, will not escape, and false rumors spread maliciously on the network , Qingke reserves the right to pursue according to law.

On June 1st, a reporter from the Securities Daily learned in the rights protection group of 500 guest tenants from Qingke Apartment that Qingke Apartment has settled rent loans for some tenants who were forced to move out, but most rents The customer’s rent loan is still overdue.

According to industry sources, every time a tenant applies for a rent loan, the green guest can get a year’s rent from the tenant, and then the green guest can use the money to expand new housing, and then Lease the new house with a rental loan, which means that the rental loan model gives the platform financial leverage.

But the above-mentioned industry insiders also believe that although the rent loan has brought funds to Qingke Apartment to expand the market, as long as the funds obtained with the rent loan are slightly inadvertent, it will cause the problem that the intermediate link cannot be turned around normally, causing Disputes between guest apartments and tenants and landlords have buried hidden dangers of “thunderstorms” for the platform.

In fact, there are countless disputes between Qingke Apartment and tenants and landlords. As of press time, there have been as many as 3440 complaints against Qingke Apartment on the Black Cat Complaint Platform. These complaints come from the landlord and some From the tenant, including the landlord who was owed the rent by Qingke Apartment, or was asked to waive the rent during the epidemic. Some tenants have been cut off from water and electricity even though they paid their water and electricity bills on time, and some have to pay rent loans to financial institutions even after being forced to move out.

Data shows that as of September 30, 2019, Qingke Apartment has cooperated with 11 financial institutions, and 65.4% of its rent was paid using rent loans.

In December 2019, the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission, the Ministry of Public Security, the General Administration of Market Supervision,Banking Insurance Regulatory Commission, State Cyberspace Administration and other six departments jointly issued the “Opinions on Rectifying and Regulating the Order of the Housing Leasing Market” (hereinafter referred to as the “Opinions”) to regulate the operating behavior of the main body of the housing leasing market and strengthen “Short-payment” business model for the supervision of housing leasing enterprises, including rents, deposits, etc. into the supervision account, and stipulates that the rental income of housing leasing enterprises should not exceed 30% of the amount, and the excess should be in 2022 Before the end of the year, it will be adjusted gradually.

What is the current proportion of Qingke Apartment’s housing rent loans? In the future, will it adjust the rental loan ratio below 30% in response to the policy? “Securities Daily” reporter interviewed the responsible person of Qingke Apartment, but as of press time, the other party did not respond to this.

Public information shows that Qingke Apartment listed on the Nasdaq under the crown of “Long Rental Apartment First Share” on November 5, 2019, and received only $45.9 million in funds raised during the IPO. Half of the amount raised for its original plan.

From the perspective of market share, the Qingke Apartment prospectus shows that as of June 30, 2019, Qingke Apartment operated a total of 96,854 rooms in 6 cities including Shanghai, Suzhou, Hangzhou, Nanjing, Wuhan and Beijing. Among them, Shanghai is the main market, with more than 60,000 houses. And another long-term rental apartment also listed in the United States, as of the end of 2019, the number of apartments reached 438,300.

The Qingke Apartment, which does not have an advantage in the original housing, recently transferred some of the housing to Jianrong Home, a long-term rental apartment platform owned by CCB.

From the first financial report announced after its listing, Qingke Apartment has a net loss of 489 million yuan, a cumulative loss of 1.242 billion yuan in three years, and net cash flow from operating activities has been negative for three consecutive fiscal years.