The project financing was a kind of important international financial tools, used in commercial real estate field, and was a kind of brand-new exploration. With the continuous development and deepening of economic restructuring, the development of China's real estate industry gradually became an important pillar of China's economic development, and was paid close attention by domestic and foreign personnel. Currently, there were many financing ways of the real estate project, but there were still many problems in financing risks which finally led to the entire project failure and brought great loss to China's economy. The real estate project financing risks were large and complex, but the fuzzy evaluation model could be established to analyze the risks through the summary on the financing risk of real estate project. The use of It was a large system of a multi-objective, multi-level, complex structure and factors to use fuzzy comprehensive evaluation method to evaluate the financing risk of commercial real estate project, and the system could do a very good interpretation and analysis of the financing risk of real estate project. As the real estate project selection, it was an important basis of financing scheme to reduce unnecessary loss for the real estate project financing.