Product: Commercial Property Mortgage
Type: commercial
Max LVR: 60.0%
Amount Range: $0 - $7,500,000
Max Term: 240 months
Rate: 7.65%
Contact: Craig Rolls (021 466 004) | applications@basecorp.co.nz
Purpose: refinance
Property Type: residential
LVR: -%
Amount: $1,290,000
Term: - months
Property Value: $0
Address: 7/7 Arcadia Road, 8/7 Arcadia Road, 9/7 Arcadia Road, Epsom, Auckland
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (residential) | commercial | Client: refinance (residential property), Product: commercial -> mismatch |
| LVR Limit | Pass | - | 60.0% | |
| Loan Amount | Pass | $1,290,000 | $0 - $7,500,000 | |
| Security Type | Fail | residential | commercial | residential not accepted |
| Credit Score | Pass | 398 | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Pass | - | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 50 / 100 | 25% | 12.5 |
|
| Data missing (client LVR or lender max LVR not set) -> default 50 | ||||
| Interest Rate | 82.3 / 100 | 25% | 20.6 |
|
| Rate = 7.65%. Formula: (20 - 7.65) / 15 x 100 = 12.35/15 x 100 = 82.3. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 73.8 / 100 | 15% | 11.1 |
|
| Amount $1,290,000 is within range $0-$7,500,000. Mid = $3,750,000, distance ratio = 0.33. Formula: max(60, 100 - 0.33 x 80) = 73.8 | ||||
| Term Match | 50 / 100 | 15% | 7.5 |
|
| Term data missing (client or lender) -> default 50 | ||||
| Payment Flexibility | 99 / 100 | 10% | 9.9 |
|
| Lender offers 3 type(s): capitalised, interest_only, principal_and_interest. Base = 3 x 33 = 99. Client prefers 'interest_only' which is available -> max(99, 80) = 99 | ||||
| Turnaround Speed | 100 / 100 | 10% | 10.0 |
|
| Turnaround 24h (<= 24h) -> 100 (fastest tier) | ||||
| TOTAL | 100% | 71.5 |
|
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