Product: Commercial Loans
Type: commercial
Max LVR: 70.0%
Amount Range: $0 - $2,000,000
Max Term: 240 months
Rate: -
Contact: | LOANS@CFML.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) | commercial | Client: refinance (development property), Product: commercial -> mismatch |
| LVR Limit | Pass | 44.78% | 70.0% | |
| Loan Amount | Pass | $1,800,000 | $0 - $2,000,000 | |
| Security Type | Fail | development | commercial,residential | development not accepted |
| Credit Score | Pass | - | 650 | |
| 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 | 50 / 100 | 25% | 12.5 |
|
| Interest rate not specified by lender -> default 50 | ||||
| Loan Amount Fit | 68.0 / 100 | 15% | 10.2 |
|
| Amount $1,800,000 is within range $0-$2,000,000. Mid = $1,000,000, distance ratio = 0.40. Formula: max(60, 100 - 0.40 x 80) = 68.0 | ||||
| Term Match | 63.0 / 100 | 15% | 9.4 |
|
| Client term 9mo / Lender max 240mo = ratio 0.037. Formula: max(60, 100 - |0.037 - 0.5| x 80) = 63.0. (Best when ratio between 0.3-0.8) | ||||
| Payment Flexibility | 66 / 100 | 10% | 6.6 |
|
| Lender offers 2 type(s): principal_and_interest, interest_only. Base = 2 x 33 = 66. Client has no preference -> 66 | ||||
| Turnaround Speed | 80 / 100 | 10% | 8.0 |
|
| Turnaround 48h (<= 48h / 2 days) -> 80 | ||||
| TOTAL | 100% | 71.8 |
|
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