Mortgage

Century 21 China Real Estate, Lending Club of China forge alliance

Agreement aims to get investor funding flowing into home loans

Century 21 China Real Estate, the exclusive franchisor of the Century 21 brand in China, says it's out to build its mortgage business under an agreement with the Lending Club of China that's aimed at funneling cash from investors into home loans.IFM Investments Ltd., which provides brokerage services, franchise services, mortgage management services, primary services, commercial services and fund management services under the Century 21 China Real Estate brand, has signed a memorandum of understanding with Dianrong.com, a Shanghai-based online credit marketplace that's known as the Lending Club of China."Century 21 China Real Estate's leadership in China's primary and secondary real estate markets puts them in an ideal position to connect us with property owners who are looking for more innovative mortgage solutions," said Dianrong.com CEO Soul Htite in a statement.Shanghai-based Dianrong.com is an online marketplace that connects lenders and borrowers. The company says le...

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