Corridor Funding

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

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

Minimum Number of Value-Add Projects Completed by Borrower

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

Maximum After Repair Value

70%

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

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

Maximum Origination Fee

Minimum Loan Term

60 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

85%

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Properties

Yes

Minimum Number of Properties

Maximum Number of Properties

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)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized

Pre Payment Penalty

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

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

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Corridor Funding pays us to be listed, so there is no fee to connect with them directly.

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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)

Year Established

2016

Associations

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

Office Locations

18534 Forty Six Parkway, Spring Branch, Texas 78070

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

Contact Corridor Funding

Corridor Funding pays us to be listed, so there is no fee to connect with them directly.

Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

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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.