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: 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 - $2,500,000 | $11,000,000 > max $2,500,000 |
| Security Type | Fail | development | residential,commercial,vacant_land,rural,lifestyle | development not accepted |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | 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 | 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 | 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 | 0 / 100 | 15% | 0.0 |
|
| Amount $11,000,000 exceeds max $2,500,000 by 340.0%. Formula: max(0, 60 - 3.40 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 100 / 100 | 15% | 15.0 |
|
| Client term 12mo / Lender max 24mo = ratio 0.5. Ratio in ideal range [0.3, 0.8] -> 100 | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 2 type(s): interest_only, capitalised. Base = 2 x 33 = 66. Client prefers 'interest_only' which is available -> max(66, 80) = 80 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 67.7 |
|
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