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: bridging
Property Type: development
LVR: 62.92%
Amount: $2,800,000
Term: 5 months
Property Value: $4,450,000
Address: 12 Totaravale Street, Totaravale, Auckland
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Pass | bridging (development) | bridging | |
| LVR Limit | Pass | 62.92% | 70.0% | |
| Loan Amount | Fail | $2,800,000 | - | $2,800,000 < min $5,000,000 |
| 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 | 35.4 / 100 | 25% | 8.8 |
|
| Lender max LVR 70.0% - Client LVR 62.92% = 7.08% headroom. Formula: min(100, headroom/20 x 100) = min(100, 7.08/20 x 100) = 35.4 | ||||
| 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 | 0 / 100 | 15% | 0.0 |
|
| Amount $2,800,000 below min $5,000,000 by 44.0%. Formula: max(0, 60 - 0.44 x 200) = 0 | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 5mo < Lender min 7mo -> 0 (term too short) | ||||
| Payment Flexibility | 33 / 100 | 10% | 3.3 |
|
| Lender offers 1 type(s): interest_only. Base = 1 x 33 = 33. Client has no preference -> 33 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 35.6 |
|
|