Corridor Funding
2090 N Interstate 35 Frontage Rd, Suite 4105
New Braunfels, TX 78130
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About Corridor Funding
Based in New Braunfels, Texas, Corridor Funding is a private money lender providing loans in Austin, San Antonio, Dallas, and Houston. They offer fix and flip loans, buy and hold rehab loans, new construction loans, and longer term commercial property and development loans. Their lending parameters do not include a minimum credit rating. They make loans on most property types, including single and multi-family, larger apartments, retail and office space, and other commercial properties.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, New Construction Loans, Commercial Hard Money Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use
Areas Served: Austin, San Antonio, Dallas, Houston
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Lending Guidelines for Corridor Funding
Below are the general loan guidelines published on the Corridor Funding website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: N/A
Available Rates: 9% - 12%
Typical Terms: 6 months - 36 months
Points Charged: 2% - 3%
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 1 WeekFix and Flip Loans
Loan Amounts: N/A
Available Rates: 10% and up
Typical Terms: 6 months and up
Points Charged: 2% and up
Max Loan-to-Value (LTV): 75%
Max Loan-to-Cost (LTC): 90%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 680
Time to Close: 1 WeekNew Construction Loans
Loan Amounts: $200,000 - $2,000,000
Available Rates: 12% and up
Typical Terms: 36 months
Points Charged: 2.5% and up
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): 80%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 680
Time to Close: 1 WeekCommercial Hard Money Loans
Loan Amounts: $300,000 - $6,000,000
Available Rates: 9% - 12%
Typical Terms: 12 months - 36 months
Points Charged: 2% - 3%
Max Loan-to-Value (LTV): 75%
Max Loan-to-Cost (LTC): 80%
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 680
Time to Close: 1 Week -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Corridor Funding.
Loan Example 1
Earl closes on a $150,000 renovation project in Austin, TX, using a hard money loan from Corridor Funding. The loan-to-value (LTV) on the note is 60%. This means Earl will need to bring 40% of the sales price to the closing and the principle will be $90,000 on the deal. The interest rate on the note is 12% for a term of 18 months and the lender requires a two point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be repaid after the property sells.
Therefore, Earl will need to make a $60,000 down payment plus pay a $1,800 origination fee. After the loan closes, he will need to pay the lender $900 in monthly interest fees, or 12% multiplied by $90,000 divided by 12 months in the year. Earl's plan is to complete the rehab by the end of the 18 months and sell it for $187,500. If he succeeds he will make a gross profit of $19,500 ($187,500 price - $90,000 principle - $60,000 down payment - $1,800 origination points - $16,200 in interest.
Loan Example 2
Clifford finds a townhouse in Austin, TX to remodel and sell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from Corridor Funding with the following parameters:
$400,000 purchase price
75% loan to value (LTV)
18 month term
9% rate of interest
2% origination feeClifford intends to sell the project at the end of the term for $600,000. If he achieves this goal, the deal numbers would be the following:
$600,000 sales price
- $300,000 note principle (75% LTV)
- $100,000 down payment (25% on 75% LTV)
- $6,000 origination fee (2% of the $300,000 principle)
- $40,500 interest payments (18 months x 9% interest)
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= $153,500 total profit (does not include taxes or renovation costs) -
by Shannon S. 02/14/2023
I have closed multiple loans with Corridor Funding and intend to close many more. My experiences with them have been quick, easy and thorough. I highly recommend Corridor Funding!
I have closed multiple loans with Corridor Funding and intend to close many more. My experiences with them have been quick, easy and thorough. I highly recommend Corridor Funding!by Saif 02/13/2023
Best Lender for Fast & Smoother closings.
Best Lender for Fast & Smoother closings.by g1122 02/13/2023
I've worked with Corridor Funding for several years. They've done fix and flip and 30 year DSCR loans for me. Their communication and process is fantastic and they also have firsthand knowledge of what it's like to be an investor. Highly recommend!
I've worked with Corridor Funding for several years. They've done fix and flip and 30 year DSCR loans for me. Their communication and process is fantastic and they also have firsthand knowledge of what it's like to be an investor. Highly recommend!by Marie 02/13/2023
Positive experience all around! Transparent, quick to close, superb communication, really makes you feel cared about!
Positive experience all around! Transparent, quick to close, superb communication, really makes you feel cared about!by sabeel 02/13/2023
We have been working with Corridor for a while they have great customer service, fast closings and smooth draw process .
We have been working with Corridor for a while they have great customer service, fast closings and smooth draw process .by Santosh Kumar Rai 02/13/2023
Corridor Funding always meets clients' expectations beyond and It is an absolute pleasure to work here.
Corridor Funding always meets clients' expectations beyond and It is an absolute pleasure to work here.by Susheel Kumar Maddela 02/13/2023
Grayson was great! Always quick to answer my questions in an easy to understand manner. Would highly recommend anyone I know looking to buy a house or if I need a mortgage in the future. Thanks Grayson & Jasen
Grayson was great! Always quick to answer my questions in an easy to understand manner. Would highly recommend anyone I know looking to buy a house or if I need a mortgage in the future. Thanks Grayson & Jasenby AFROZ AHMED 02/13/2023
A great place to work for people who are looking for growth and learning. I have been working here for more than Couple of years now, the work culture is great and diverse. Had a great onboarding experience, extremely organized, and surprisingly fun. The policies and procedures are delivered in brief during the sessions, the queries are also handled well and resolved in the stipulated time.Corridor Funding understands work-life balance and respect that.Corridor Funding provides regular communication, listens to and considers new ideas, and continuously encourages growth personally and professionally.We are working with top thought leaders - smart, collaborative, and willing to share.- Flexible working hours and adaptive work environment.
A great place to work for people who are looking for growth and learning. I have been working here for more than Couple of years now, the work culture is great and diverse. Had a great onboarding experience, extremely organized, and surprisingly fun. The policies and procedures are delivered in brief during the sessions, the queries are also handled well and resolved in the stipulated time.Corridor Funding understands work-life balance and respect that.Corridor Funding provides regular communication, listens to and considers new ideas, and continuously encourages growth personally and professionally.We are working with top thought leaders - smart, collaborative, and willing to share.- Flexible working hours and adaptive work environment.by Justin M 02/13/2023
I've done a few loans with Corridor Funding now. They helped me get started flipping homes and now I have 3 rental properties under my belt! The rates are good, the terms are super transparent, and I'd recommend them to anyone searching for a loan.
I've done a few loans with Corridor Funding now. They helped me get started flipping homes and now I have 3 rental properties under my belt! The rates are good, the terms are super transparent, and I'd recommend them to anyone searching for a loan.by Abel 02/12/2023
I used Corridor Funding for my fix and flip project. Landon was honest, provided a term sheet quickly and we closed the deal. When my flip was done he even worked diligently to convert to a 30yr rental. My draws were timely and there were no hidden fees. Will use them for all my projects.
I used Corridor Funding for my fix and flip project. Landon was honest, provided a term sheet quickly and we closed the deal. When my flip was done he even worked diligently to convert to a 30yr rental. My draws were timely and there were no hidden fees. Will use them for all my projects.by Joe C. 02/11/2023
They helped from the start and Landon has made the process as seemless and as easy as it can be.
They helped from the start and Landon has made the process as seemless and as easy as it can be.by Nate buys ugly homes 02/11/2023
I borrowed for my first home in 2016 with Corridor Funding and between their short term loan and their landlord loans I have been able to acquire 31 homes. They have advised me when I should pass on deals (and they were right) and their service and expertise have made 7 years as a client both successful and less stressful than what my friends who hop around to different lenders experience. Thanks Jason, Jasen, Grayson, Landon and Brennan!!
I borrowed for my first home in 2016 with Corridor Funding and between their short term loan and their landlord loans I have been able to acquire 31 homes. They have advised me when I should pass on deals (and they were right) and their service and expertise have made 7 years as a client both successful and less stressful than what my friends who hop around to different lenders experience. Thanks Jason, Jasen, Grayson, Landon and Brennan!!by Abel 02/11/2023
I used Corridor Funding for my fix and flip project. Landon was honest, provided a term sheet quickly and we closed the deal. When my flip was done he even worked diligently to convert to a 30yr rental. My draws were timely and there were no hidden fees. Will use them for all my projects.
I used Corridor Funding for my fix and flip project. Landon was honest, provided a term sheet quickly and we closed the deal. When my flip was done he even worked diligently to convert to a 30yr rental. My draws were timely and there were no hidden fees. Will use them for all my projects.by Manikanta 02/10/2023
I am having a good exposure
I am having a good exposureby R&J 02/10/2023
Corridor Funding has the best customer service. I've used them all and CF is one of the few where I never get a call room and they understand that when you need a draw you need it quick and Kendall and Jasen communicate when inspection comes back different than expected and most importantly when my draw will hit my account!Thanks Jasen and Kendall!
Corridor Funding has the best customer service. I've used them all and CF is one of the few where I never get a call room and they understand that when you need a draw you need it quick and Kendall and Jasen communicate when inspection comes back different than expected and most importantly when my draw will hit my account!Thanks Jasen and Kendall!by Gordo 12/26/2018
I've used every finance company and they go slow in processing draws so they can collect more interest but Corridor Funding is different in a lot of ways, but they always have someone who knows what the $*&(# their talking about and they do what they say. Primarily just referrals so tell them Gordo from Dallas referred ya.
I've used every finance company and they go slow in processing draws so they can collect more interest but Corridor Funding is different in a lot of ways, but they always have someone who knows what the $*&(# their talking about and they do what they say. Primarily just referrals so tell them Gordo from Dallas referred ya.
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