Product: Non Construction
Type: bridging
Max LVR: 70.0%
Amount Range: $0 - $2,500,000
Max Term: 24 months
Rate: 7.45% - 9.45%
Contact: Song Song (021 581 835 ) | song.song@finbase.nz
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% | 70% | |
| Loan Amount | Fail | $10,000,000 | $0 - $2,500,000 | $10,000,000 > max $2,500,000 |
| Security Type | Pass | residential | residential,commercial,vacant_land,rural,lifestyle | |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Fail | Self-employed, Investment | trust, limited_company | Product targets: trust, limited_company; Client profile: self_employed, investor |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 100 / 100 | 25% | 25.0 |
|
| Lender max LVR 70% - Client LVR 47.07% = 22.93% headroom. Formula: min(100, headroom/20 x 100) = min(100, 22.93/20 x 100) = 100 | ||||
| Interest Rate | 83.7 / 100 | 25% | 20.9 |
|
| Rate = 7.45%. Formula: (20 - 7.45) / 15 x 100 = 12.55/15 x 100 = 83.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 0 / 100 | 15% | 0.0 |
|
| Amount $10,000,000 exceeds max $2,500,000 by 300.0%. Formula: max(0, 60 - 3.00 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 300mo > Lender max 24mo -> 0 (term too long) | ||||
| Payment Flexibility | 66 / 100 | 10% | 6.6 |
|
| Lender offers 2 type(s): interest_only, capitalised. Base = 2 x 33 = 66. Client prefers 'principal_and_interest' but NOT available -> 66 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 57.5 |
|
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