| 摘要 |
<P>PROBLEM TO BE SOLVED: To provide a cost competitive commodity while blocking a credit risk of an investor in a system of a nonrecourse loan with respect to small scale real estate. <P>SOLUTION: One special purpose company is provided per each loaner, a real estate trust beneficiary right is divided into a senior beneficiary right and a subordinated beneficiary right, and the senior beneficiary right is transferred to the special purpose company. <P>COPYRIGHT: (C)2004,JPO |
