Product: Residential Property Mortgage (Short-term)
Type: bridging
Max LVR: 70.0%
Amount Range: $0 - $7,500,000
Max Term: 12 months
Rate: 7.3%
Contact: Craig Rolls (021 466 004) | applications@basecorp.co.nz
Purpose: refinance
Property Type: development
LVR: 55.0%
Amount: $11,000,000
Term: 12 months
Property Value: $20,000,000
Address: 39 Chamberlain Road, Massey, Auckland
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (development) | bridging | Client: refinance (development property), Product: bridging -> mismatch |
| LVR Limit | Pass | 55.0% | 70.0% | |
| Loan Amount | Fail | $11,000,000 | $0 - $7,500,000 | $11,000,000 > max $7,500,000 |
| Security Type | Fail | development | residential | development not accepted |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Pass | - | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 75.0 / 100 | 25% | 18.8 |
|
| Lender max LVR 70.0% - Client LVR 55.0% = 15.0% headroom. Formula: min(100, headroom/20 x 100) = min(100, 15.0/20 x 100) = 75.0 | ||||
| Interest Rate | 84.7 / 100 | 25% | 21.2 |
|
| Rate = 7.3%. Formula: (20 - 7.3) / 15 x 100 = 12.7/15 x 100 = 84.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 0 / 100 | 15% | 0.0 |
|
| Amount $11,000,000 exceeds max $7,500,000 by 46.7%. Formula: max(0, 60 - 0.47 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 76.0 / 100 | 15% | 11.4 |
|
| Client term 12mo / Lender max 60mo (for interest_only) = ratio 0.2. Formula: max(60, 100 - |0.2 - 0.5| x 80) = 76.0. (Best when ratio between 0.3-0.8) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 2 type(s): capitalised, interest_only. Base = 2 x 33 = 66. Client prefers 'interest_only' which is available -> max(66, 80) = 80 | ||||
| Turnaround Speed | 100 / 100 | 10% | 10.0 |
|
| Turnaround 24h (<= 24h) -> 100 (fastest tier) | ||||
| TOTAL | 100% | 69.3 |
|
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