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: 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 | Fail | bridging (development) | commercial | Client: bridging (development property), Product: commercial -> mismatch |
| LVR Limit | Pass | 62.92% | 70.0% | |
| Loan Amount | Fail | $2,800,000 | $0 - $2,000,000 | $2,800,000 > max $2,000,000 |
| Security Type | Fail | development | commercial,residential | development not accepted |
| Credit Score | Pass | - | 650 | |
| 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 | 50 / 100 | 25% | 12.5 |
|
| Interest rate not specified by lender -> default 50 | ||||
| Loan Amount Fit | 0 / 100 | 15% | 0.0 |
|
| Amount $2,800,000 exceeds max $2,000,000 by 40.0%. Formula: max(0, 60 - 0.40 x 200) = 0. (Partial score for near-miss) | ||||
| Term Match | 61.7 / 100 | 15% | 9.3 |
|
| Client term 5mo / Lender max 240mo = ratio 0.021. Formula: max(60, 100 - |0.021 - 0.5| x 80) = 61.7. (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% | 45.2 |
|
|