Product: Construction Loan
Type: construction
Max LVR: 65.0%
Amount Range: $0 - $5,000,000
Max Term: 24 months
Rate: 9.95%
Contact: Song Song (021 581 835 ) | song.song@finbase.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) | construction | Client: refinance (development property), Product: construction -> mismatch |
| LVR Limit | Pass | 44.78% | 65.0% | |
| Loan Amount | Pass | $1,800,000 | $0 - $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 65.0% - Client LVR 44.78% = 20.22% headroom. Formula: min(100, headroom/20 x 100) = min(100, 20.22/20 x 100) = 100 | ||||
| Interest Rate | 67.0 / 100 | 25% | 16.8 |
|
| Rate = 9.95%. Formula: (20 - 9.95) / 15 x 100 = 10.05/15 x 100 = 67.0. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 88.8 / 100 | 15% | 13.3 |
|
| Amount $1,800,000 is within range $0-$5,000,000. Mid = $2,500,000, distance ratio = 0.14. Formula: max(60, 100 - 0.14 x 80) = 88.8 | ||||
| Term Match | 100 / 100 | 15% | 15.0 |
|
| Client term 9mo / Lender max 24mo = ratio 0.375. Ratio in ideal range [0.3, 0.8] -> 100 | ||||
| Payment Flexibility | 66 / 100 | 10% | 6.6 |
|
| Lender offers 2 type(s): interest_only, capitalised. Base = 2 x 33 = 66. Client has no preference -> 66 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 81.7 |
|
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