Product: Residual Stock Loan - Equity Release
Type: bridging
Max LVR: 70.0%
Amount Range: $5,000,000 - No limit
Max Term: 12 months
Rate: 8.95% - 8.95%
Contact: Tom Marshall (27 356 0369) | tom.marshall@pallascapital.co.nz
Purpose: purchase
Property Type: residential
LVR: 70.0%
Amount: $490,000
Term: 300 months
Property Value: $700,000
Address: a a a
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | purchase (residential) | bridging | Client: purchase (residential property), Product: bridging -> mismatch |
| LVR Limit | Pass | 70.0% | 70% | |
| Loan Amount | Fail | $490,000 | - | $490,000 < min $5,000,000 |
| Security Type | Pass | residential | residential | |
| Credit Score | Pass | 610 | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Pass | Investment | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 0 / 100 | 25% | 0.0 |
|
| Client LVR 70.0% >= Lender max 70%, headroom = 0.0% (no room) -> 0 | ||||
| Interest Rate | 73.7 / 100 | 25% | 18.4 |
|
| Rate = 8.95%. Formula: (20 - 8.95) / 15 x 100 = 11.05/15 x 100 = 73.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 0 / 100 | 15% | 0.0 |
|
| Amount $490,000 below min $5,000,000 by 90.2%. Formula: max(0, 60 - 0.90 x 200) = 0 | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 300mo > Lender max 12mo -> 0 (term too long) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 1 type(s): interest_only. Base = 1 x 33 = 33. Client prefers 'interest_only' which is available -> max(33, 80) = 80 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 31.4 |
|
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