Product: Commercial Property Finance
Type: bridging
Max LVR: 70.0%
Amount Range: $500,000 - $5,000,000
Max Term: 12 months
Rate: 10.0% - 12.0%
Contact: Scott Cousins
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) | bridging | Client: refinance (residential property), Product: bridging -> mismatch |
| LVR Limit | Pass | - | 100% (residential) | |
| Loan Amount | Pass | $1,290,000 | $500,000 - $5,000,000 | |
| Security Type | Pass | residential | residential,commercial | |
| Credit Score | Pass | 398 | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Fail | - | commercial | Product targets: commercial; Client profile: none set |
| 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 | 66.7 / 100 | 25% | 16.7 |
|
| Rate = 10.0%. Formula: (20 - 10.0) / 15 x 100 = 10.0/15 x 100 = 66.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 74.0 / 100 | 15% | 11.1 |
|
| Amount $1,290,000 is within range $500,000-$5,000,000. Mid = $2,750,000, distance ratio = 0.32. Formula: max(60, 100 - 0.32 x 80) = 74.0 | ||||
| Term Match | 50 / 100 | 15% | 7.5 |
|
| Term data missing (client or lender) -> default 50 | ||||
| Payment Flexibility | 33 / 100 | 10% | 3.3 |
|
| Lender offers 1 type(s): capitalised. Base = 1 x 33 = 33. Client prefers 'interest_only' but NOT available -> 33 | ||||
| Turnaround Speed | 80 / 100 | 10% | 8.0 |
|
| Turnaround 48h (<= 48h / 2 days) -> 80 | ||||
| TOTAL | 100% | 59.1 |
|
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