Loan Products

Where do you offer loans?

We typically offer loans in Austin, San Antonio, Dallas, and Houston, as well as smaller markets such as Waco, College Station, Beaumont, Corpus Christi, etc. However, we have the ability to execute loans outside those areas.

What is the interest rate and points of your loans?

Our loans start at 10% interest with 2 points.

Will I qualify for a 10% & 2 point loan?

We can’t say for sure without reviewing your full application and knowing the specifics of the property, but the majority of our loans are at this rate.

What factors could affect my rate?

We look at both the borrower and the property on all of our loans. For the borrower, the main things we consider when determining rate and term are experience, income, liquidity, net worth, and credit score. For the property, we consider type of usage, extent of renovation, and as-repaired value (ARV). However, Corridor Funding can be creative with all loan scenarios in a way traditional lenders are not able to.

What is the loan to value of your loans?

In most cases, the loan amount must be lower than 75% of the ARV.

What other fees are there?

We charge a flat $885 processing fee on all loans. This fee is due at closing and will be on your HUD statement as part of closing costs.

Do you have a minimum loan amount?

Yes, it is generally $75,000. The minimum origination fee is $2,500.

What is the amortization period for your loans?

All loans are interest only unless otherwise stated.

What is the term length for your loans?

Our loans vary in length from 12 months to 5 years.

Is there an early payment penalty?

No, except where otherwise noted. Interest is calculated daily, and there is no minimum time or interest amount.

Do you do commercial, new construction, or multi-family loans?

Yes. Contact us for more details.

Do you cash-out refis or loans on turn-key properties?

Yes. Contact us for more details.

Application Process

Do you require an appraisal?


Do I have to use your appraiser?

No. We will accept an appraisal from any state licensed appraiser. We do not have appraisers that work for us, but we will be glad to set up your appraisal  if you wish.

How much do you charge for appraisals?

We do not charge for appraisals – you pay the appraiser directly.

How quickly can you close?

We can close within one week from receiving a complete application packet, pending appraiser availability and title work.

Do you require a survey?

No, we do not require a survey, however, we require survey coverage on the title insurance policy.

Can I borrow in my LLC's name?

Yes, loans can be done in an LLC’s name or an individual’s name. Generally, loans for LLCs require a personal guarantee.

Can I use my self-directed IRA as a down payment?

Yes. Contact us for details.

Can I get a pre-approval or proof of funds letter?

Yes, we can provide you with a pre-approval letter after you submit your application packet.

I own a rental property, can I use that as collateral instead of a down payment?

Yes, we offer 100% financing with cross-collateralization.

Draw Process

How are the rehab funds distributed?

The rehab portion of your loan is placed into an escrow account at the time of funding. Once the money has been spent on the project, an inspection will be done on the property and the draw will be released.

How long does it take to get a draw?

We can usually receive an inspection report within 48-72 hours and disperse the funds the following day.

Is there a draw fee?

You pay for the cost of an independent inspector to verify the work completed to date. This cost is usually under $200.