Simple. Transparent. Secure. Direct Lender for Real Estate Investors.

Bridge | Fix & Flip | New Construction | Long-Term Rental

Corridor Funding lends to real estate investors looking for a hardworking lender who can make the loans happen, fast and serve as a long-term partner to build your net-worth. We pride ourselves on great service, integrity, and transparency. Our application is very easy, we fund fast and offer fast draws for rehab projects.

Property Geographic Area Details
AZ, CT, FL, GA, KS, MO, NC, SC, TN, TX
Loan Amounts
$80,000 to $2,000,000
Interest Rates
4.99% to 10.95%
Loan Terms
12 months to 360 months
Origination Fees
1% to 2.99%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mixed-Use
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Condo Conversion
  • Residential Long-Term Rental
  • Transactional Funding

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Gap Lender
  • Crowdfunding
  • Family

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

2

Maximum After Repair Value

70.00%
We may consider lending on the land acquisition, in limited circumstances.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

100%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Minimum Loan Amount

$55,000

Maximum Loan Amount

$5,000,000

Minimum Interest Rate

4.99%

Maximum Interest Rate

6.99%

Minimum Origination Fee

2%

Maximum Origination Fee

2%

Minimum Loan Term

60 months

Maximum Loan Term

360 months

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Rentals

Yes

Minimum Number of Properties

2

Maximum Number of Properties

20

Minimum Property Value

$75,000

Processing Fee

Typically $885 for most loans

Fees which are mandatory for all new borrower clients

  • Processing Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

680

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Get In Touch

Corridor Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

Jasen Miller and Jason Hirko founded Corridor Funding in 2016 after noticing an absence of debt liquidity available in the short-term value add space of real estate investing. Jasen and Jason take pride in their partnerships with investors to help bring their goals to fruition.

By the end of 2016, Corridor Funding was funding short-term value add loans in all major MSAs of Texas. Today the company serves hundreds of loyal real estate investors in Texas, Missouri, Kansas, Tennessee, North Carolina, South Carolina, Georgia, Tennessee and Florida.

Corridor Funding creates an environment that promotes longevity in investments without the hassle of the traditional bank application process. Our unique strategy allows investors to accomplish goals that they otherwise could not with banks or traditional hard money lenders, which is why 84% of our business are repeat clients. We take on the role of more than an advisor; we are your confidante, friend, and mentor, Lending the Way throughout the process.

Company Size (Number of Employees)

8

Year Established

2016

Associations

  • American Association of Private Lenders (AAPL)
  • National Private Lenders Association (NPLA)

Office Locations

San Antonio, Texas

Primary Capital Source
  • Own Funds
  • Individual Investors
Alternative Capital Sources
  • Own Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Multiple Investor Fractionalized Note
  • Table Funding with Capital Partner
  • A/B Note Participation with Bank
  • A/B Note Participation with Private Investor
Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Our Team

Jason Hirko

Managing Partner

Jasen Miller

Managing Partner

Grayson Wester

VP of Marketing & Sales

Get In Touch

Corridor Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$80,000

What We Do

  • Bridge, Rehab, Rental, Construction Loans
  • SFR, Condo, Multifamily, Mixed-Use
  • LTP up to 90% and 100% LTC for Flips
  • LTC up to 100% for New Construction
  • Seller Financing or Gap in 2nd Position OK

Not Available

  • NO Owner-Occupied Homes
  • NO 100% Financing
  • NO Land Loans
  • NO Rural Areas

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact This Lender

Contact Corridor Funding by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

Send an email to Corridor Funding