Only after being reborn did I realize how fascinating the world of the rich is.

Bridge loans, to put it bluntly, are essentially high-interest loans. Often, banks use bridge loans extensively in order to meet certain performance targets.

Generally, interest is calculated daily or monthly. Daily interest is usually between 0.1% and 0.2%, while monthly interest is between 0.3% and 0.6%.

In economically developed regions, usury is prevalent. Although the interest rates appear high, the actual cost is lower than bank loans and the procedures are simpler because the terms are usually shorter.

However, many companies and businesses have gone bankrupt due to usurious loans. The main reason is that, due to various factors, they are unable to repay the usurious loans in a short period of time. The interest keeps increasing, and eventually, they can only bankrupt the company and business.

Inside the Le's Group office, Qin Kai asked with some confusion, "Where did this batch of funds come from?"

"It's the Puyu Consortium from Korea. They recently landed in Shanghai and established an investment company. The interest rate is not high, and it can be calculated daily. The daily interest rate is only one-thousandth."

"Goryeo's funds?"

Wei Jianjun said helplessly, "Brother Kai, right now in Shanghai, besides those big banks, who else can come up with so much money all at once!"

Seeing that Qin Kai was still hesitant, Shen Jiaqi said somewhat displeasedly, "Brother Kai, at this point, it's already good enough to get the money."

The most important thing now is to get past the bank. If we lose credit with the bank, the company will definitely have to withdraw from the real estate industry.

If you don't want it, I'll introduce it to someone else. Countless real estate developers are scrambling for funding right now.

"Alright then, you're right. The most important thing now is to get through this difficult time. Once Director Song approves the loan, we can finally breathe a sigh of relief!"

Soon, with the assistance of Wei Jianjun and Shen Jiaqi, Qin Kai successfully obtained the bridge loan, which was deposited into his bank account to pay off his previous bank loan.

However, when Qin Kai went to the bank to apply for a bank loan again, he was rejected.

"President Song, what's going on? Didn't we already agree on this? Why aren't you lending to us anymore?" Qin Kai pleaded, his voice trembling.

President Song spoke in a bureaucratic tone, saying in a serious tone, "President Qin, I have no choice. The bank isn't my family's business. We have to follow the rules and regulations. Your debt ratio is too high and doesn't meet the standards!"

"But why did it meet the standard before?"

"The past is the past, and the present is the present. With banks facing such tight liquidity, deciding who to lend to and who not to lend to must be done according to regulations and procedures, and all responsible parties must work together to make the judgment!"

"President Song, I borrowed a large sum of bridge financing to pay off the loan. You can't cheat me!" Qin Kai said, getting a little anxious.

Bank Manager Song frowned and said in a very displeased tone, "What do you mean I cheated you? You borrowed money from the bank, don't you know you should repay it when it's due?"

As for your use of bridge financing, that's your company's own business activity, it has nothing to do with me, and it's even less related to the bank's lending system. Do you intend to go bankrupt with the bank?

"President Song, I'm just having a temporary cash flow problem. The real estate market is doing so well right now. Once my project is completed, it will definitely sell out quickly, and I'll be able to pay off the bank loan then!"

President Song sneered and said in a nonchalant tone, "You think you can just say whatever you want? The market is unpredictable. It might go up today and down tomorrow. Who can really know for sure?"

Now that I'm in charge of this bank, I have the responsibility and obligation to minimize its risks. Mr. Qin, please don't argue with me so much. Let's focus on running your business well first!

Seeing President Song's demeanor, Qin Kai also became somewhat agitated, and his tone became less polite. He angrily roared, "President Song, you need to think carefully about what kind of relationship we have. If you're going to act like this, don't force me to fight you to the death!"

President Song sneered again and said in a calm tone, "How do you plan to fight me to the death?"

"President Song, you've been to my private club so many times, do you really think I wouldn't have a backup plan?"

Clearly, Qin Kai was reminding him that Qin Kai had recorded him while he was engaging in unspeakable activities with those beautiful women at the private club.

"Are you threatening me?"

Qin Kai said somewhat smugly, "President Song, how could I dare to threaten you? I just hope you will handle this officially!"

However, to Qin Kai's surprise, President Song remained completely calm and said coldly, "President Qin, you'd better save face and leave gracefully. If I call security, you'll be in for a rough time!"

Back in his office at the Qin Group, Qin Kai angrily summoned Wei Jianjun and said through gritted teeth, "Jianjun, this guy surnamed Song won't listen to reason, he's going to get what's coming to him. Send me a copy of those videos you took of him!"

I refuse to believe it. Does he really think he's not afraid I'll expose his dirty secrets and ruin his reputation? I think he won't learn his lesson until he's faced with death!

Wei Jianjun spread his hands, looking innocent, and said, "Brother Kai, what are you talking about? What video? Randomly filming other people is violating their privacy and is illegal. I won't do anything illegal!"

Upon hearing Wei Jianjun's words, Qin Kai was taken aback. He immediately understood why Bank Manager Song was so confident and why he had so easily obtained such a large sum of bridge financing.

This guy surnamed Wei must have conspired with Director Song and the others, timing it perfectly to stab me in the back.

That was incredibly careless!

It will take another year for my real estate project to start generating cash flow. The daily interest rate on this bridge loan is 0.1%, and even without compounding interest, the annual interest rate will exceed 36%.

However, real estate projects don't generate that much net profit every year; it's usually less than 15%. In other words, a single year can wipe out all the profits he's worked so hard to earn over the past few years.

What's even more infuriating is that they drained his profits but left him with his principal, preventing him from going to extremes and possibly even planning another round of exploitation!

Seeing Wei Jianjun's smug look, Qin Kai was extremely annoyed, but on the surface he just smiled and said nonchalantly, "Alright, I understand!"