After both parties had confirmed their intention to purchase, the district began to proceed with the procedures.
Initially, Su Yang was worried that he did not have any cash on hand and would only be able to buy the land next month. However, the district assured him that Su Yang's company was now receiving support and could enjoy low interest rate loans.
As long as Su Yang took out a certain amount of collateral and mortgaged it to the bank, he would be able to borrow the money required to buy the land. After the transaction of the land was completed, Su Yang could amend the collateral and mortgage the land to the bank instead.
After all, the market value of that piece of land was more than a few times that of what Su Yang paid for. Furthermore, it was a solid collateral, so there would not be any problems with the bank.
