Loading Additional Profile Sections...

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%

Max Loan-To-Value

80%

Max Loan-To-Cost

90%

Origination Fees

1% to 2.99%

Loan Terms

12 months to 360 months

Lien Position

  • 1st

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 and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

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

Purchase Loan

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

Rehab Value Add Loan

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%

Construction Loan

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

Residential Long-Term Rental

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

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

85%

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

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

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

Fees

Processing Fee

Typically $885 for most loans

Fees which are mandatory for all new borrower clients

  • Processing Fee

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

Alternative Loan Structures

  • Own Balance Sheet
  • One Investor One Loan
  • Multiple Investor Fractionalized Note
  • Table Funding with Capital Partner
  • LLC Syndicated Investors
  • Multiple Lender Participation
  • Table Funding with Bank
  • A/B Note Participation with Bank
  • A/B Note Participation with Private Investor

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Business Finance
  • Note Investing
  • Commercial Real Estate Investing
  • Residential Real Estate Investing
  • Real Estate Development

Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Percentage of Residential Property Loans Which are Fix and Flip

80%

Percentage of Residential Property Loans Which are Buy and Hold

20%

Percentage of Commercial Property Loans Which are Ground-Up Construction

20%

Jason Hirko

Managing Partner

Jason Hirko is a Managing Partner and Co-Founder of Corridor Funding. Jason uses his first-hand experience to guide new investors through all steps of their investment projects. Jason grew up in Portland, Oregon and moved to Texas to manage several oilfield service companies, while also bidding on and purchasing HUD properties. He grew his portfolio of 30 SFRand/or MF properties from HUD auctions after two years. From unclogging tenants’ toilets in the middle of the night to million-dollar renovations, Jason has seen it all when it comes to flipping and is always trying to help his clients learn from his mistakes! Today Jason manages third party and in house diligence and processing and is also actively involved in the company’s marketing and sales efforts.

License Information

Jasen Miller

Managing Partner

As a Managing Partner and Co-Founder of Corridor Funding, Jasen Miller is involved in the day-to-day operations and managing institutional relationships where Corridor Funding portfolios are sold. Prior to founding Corridor Funding, Jasen entered real estate investment as a marketing manager for a major residential lot developer out of Dallas, Texas. In 2003, Jasen began partnering to develop, market and sell residential lots in golf course communities outside of Dallas, Houston, Fort Worth, Louisville, and Mazatlan, Mexico. As residential lot demand began to decline in 2010 Jasen started and managed an oil field services company and met his current business partner Jason Hirko. Outside of work, Jasen spends his time with his family in Mazatlan; snow skiing, water skiing, spear-fishing and riding his son’s Ripstick.

Grayson Wester

VP of Marketing & Sales

Grayson is a native Texan and earned his bachelor’s degree in business administration from Texas State University. He’s been investing in real estate since 2015 and understands firsthand the exciting possibilities that this business holds. In five years, he has rehabbed and wholesaled over 120 properties. Since joining Corridor Funding in 2018, he has developed a strong client base of experienced investors who are looking to take their businesses to the next level. By leveraging his personal experience and extensive network, Grayson is able to help his clients grow their businesses with both the short and long term in mind. When he’s not in the thick of a real estate deal, Grayson enjoys spending time with his family and friends, traveling, hunting and exercising.

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

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$
%

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

Add links to photos here.

Image
1
Add
1
acres

Add links to photos here.

Photo Link
1
Add
Add

Add links to documents, photos, etc.

Attachment Link
1
Add
phone-icon210-791-0417 Visit Website Send Email