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: 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 | Pass | $1,800,000 | $0 - $2,500,000 | |
| Security Type | Fail | development | residential,commercial,vacant_land,rural,lifestyle | development not accepted |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Fail | No | Required | Property ownership required |
| Borrower Type | Fail | - | trust, limited_company | Product targets: trust, limited_company; Client profile: none set |
| 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 | 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 | 82.4 / 100 | 15% | 12.4 |
|
| Amount $1,800,000 is within range $0-$2,500,000. Mid = $1,250,000, distance ratio = 0.22. Formula: max(60, 100 - 0.22 x 80) = 82.4 | ||||
| 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% | 84.9 |
|
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