Product: Residual Stock Loan - Equity Release
Type: bridging
Max LVR: 70.0%
Amount Range: $5,000,000 - No limit
Max Term: 12 months
Rate: 8.95% - 8.95%
Contact: Tom Marshall (27 356 0369) | tom.marshall@pallascapital.co.nz
Purpose: refinance
Property Type: development
LVR: 44.78%
Amount: $1,800,000
Term: 9 months
Property Value: $4,020,000
Address: 38 Marina View Drive, West Harbour
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (development) | bridging | Client: refinance (development property), Product: bridging -> mismatch |
| LVR Limit | Pass | 44.78% | 70.0% | |
| Loan Amount | Fail | $1,800,000 | - | $1,800,000 < min $5,000,000 |
| Security Type | Fail | development | residential | development not accepted |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Fail | No | Required | Property ownership required |
| Borrower Type | Pass | - | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 100 / 100 | 25% | 25.0 |
|
| Lender max LVR 70.0% - Client LVR 44.78% = 25.22% headroom. Formula: min(100, headroom/20 x 100) = min(100, 25.22/20 x 100) = 100 | ||||
| Interest Rate | 73.7 / 100 | 25% | 18.4 |
|
| Rate = 8.95%. Formula: (20 - 8.95) / 15 x 100 = 11.05/15 x 100 = 73.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 0 / 100 | 15% | 0.0 |
|
| Amount $1,800,000 below min $5,000,000 by 64.0%. Formula: max(0, 60 - 0.64 x 200) = 0 | ||||
| Term Match | 100 / 100 | 15% | 15.0 |
|
| Client term 9mo / Lender max 12mo = ratio 0.75. Ratio in ideal range [0.3, 0.8] -> 100 | ||||
| Payment Flexibility | 33 / 100 | 10% | 3.3 |
|
| Lender offers 1 type(s): interest_only. Base = 1 x 33 = 33. Client has no preference -> 33 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 66.7 |
|
|