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: 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 | Pass | $11,000,000 | - | |
| 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 | 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 | 80 / 100 | 15% | 12.0 |
|
| Amount $11,000,000 >= min $5,000,000, no upper limit -> 80 | ||||
| Term Match | 60 / 100 | 15% | 9.0 |
|
| Client term 12mo / Lender max 12mo = ratio 1.0. Formula: max(60, 100 - |1.0 - 0.5| x 80) = 60. (Best when ratio between 0.3-0.8) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 1 type(s): interest_only. Base = 1 x 33 = 33. Client prefers 'interest_only' which is available -> max(33, 80) = 80 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 71.2 |
|
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