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: 47.07%
Amount: $10,000,000
Term: 300 months
Property Value: $34,035,000
Address: 41a Clarence Street, Devonport; 1A Harrison Road, Mt Wellington; 2 Thornton Road, Milford; 100 Market Road, Epsom; 9 Patey Street, Epsom; 7 Abbott Way, Remuera; 27 Union Street, Auckland; 141 & 141B Centreway Road, Orewa; 8 Bass Road, Albany
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (residential) | bridging | Client: refinance (residential property), Product: bridging -> mismatch |
| LVR Limit | Pass | 47.07% | 100% (residential) | |
| Loan Amount | Fail | $10,000,000 | $500,000 - $5,000,000 | $10,000,000 > max $5,000,000 |
| Security Type | Pass | residential | residential,commercial | |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Fail | Self-employed, Investment | commercial | Product targets: commercial; Client profile: self_employed, investor |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 100 / 100 | 25% | 25.0 |
|
| Lender max LVR 100% (for residential) - Client LVR 47.07% = 52.93% headroom. Formula: min(100, headroom/20 x 100) = min(100, 52.93/20 x 100) = 100 | ||||
| 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 | 0 / 100 | 15% | 0.0 |
|
| Amount $10,000,000 exceeds max $5,000,000 by 100.0%. Formula: max(0, 60 - 1.00 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 300mo > Lender max 12mo -> 0 (term too long) | ||||
| Payment Flexibility | 33 / 100 | 10% | 3.3 |
|
| Lender offers 1 type(s): capitalised. Base = 1 x 33 = 33. Client prefers 'principal_and_interest' but NOT available -> 33 | ||||
| Turnaround Speed | 80 / 100 | 10% | 8.0 |
|
| Turnaround 48h (<= 48h / 2 days) -> 80 | ||||
| TOTAL | 100% | 53.0 |
|
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