Product: AcquisitionLine (Business Purchase Funding)
Type: business
Max LVR: 85.0%
Amount Range: $0 - $500,000
Max Term: 60 months
Rate: -
Contact: | contact@linecapital.co.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) | business | Client: refinance (residential property), Product: business -> mismatch |
| LVR Limit | Pass | 47.07% | 85.0% | |
| Loan Amount | Fail | $10,000,000 | $0 - $500,000 | $10,000,000 > max $500,000 |
| Security Type | Pass | residential | Any | |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Pass | Self-employed, Investment | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 100 / 100 | 25% | 25.0 |
|
| Lender max LVR 85.0% - Client LVR 47.07% = 37.93% headroom. Formula: min(100, headroom/20 x 100) = min(100, 37.93/20 x 100) = 100 | ||||
| Interest Rate | 50 / 100 | 25% | 12.5 |
|
| Interest rate not specified by lender -> default 50 | ||||
| Loan Amount Fit | 0 / 100 | 15% | 0.0 |
|
| Amount $10,000,000 exceeds max $500,000 by 1900.0%. Formula: max(0, 60 - 19.00 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 300mo > Lender max 60mo -> 0 (term too long) | ||||
| Payment Flexibility | 50 / 100 | 10% | 5.0 |
|
| Payment types not specified by lender -> default 50 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 47.5 |
|
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