Our Products

Development Finance

Here at Chordis Capital we offer Ground Up Residential, Commercial Conversions to Residential and Airspace Rooftop Development finance.

 

Product Highlights

 

Key Features

Loan size up to £6,000,000.
Many applicant types considered: Either (i) up to four individual persons or (ii) limited companies or equivalent corporate entities (companies registered and trading in jurisdictions other than England and Wales are permitted with a local legal opinion and subject to funder approval). Borrowers and guarantors must be at least 18 years of age.

 

Loan Terms

Term: 6 to 24 months
Interest and Fees rolled into the loan
Minimum property value £100,000
Security First Charge over the property. (Personal Guarantee and Debenture if lending to Limited Company).

Application Fee: £1500
Arrangement Fee: 2%
Exit Fee: 1%
Repayment Type: Interest payments may be rolled, retained or serviced for the term of the loan.

 

Loan Exit, Servicing and Affordability

Detailed exit strategy required for all loans.
Proof of funds will be required for deposit and completion funds.

 

Property Suitability

Acceptable Property types include the following:

 

Credit History

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Chordis Capital is a new specialist lender in the post-Covid world with an innovative distribution approach, which will surpass the expectations of brokers and customers alike.

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