We Offer Competitive Rates
Loan Products
Quick Closings on Properties
Rehab to Rental
Similar to our fix-and-flip financing, Corridor Funding offers quick closings on properties in need of renovations in order to qualify for long-term conventional bank financing. We offer several different pricing options that allow you to refinance into permanent financing as quickly and economically possible.
6 TO 36 MONTH
LOAN TERMS
NO PREPAYMENT
PENALTIES
UP TO 90% LOAN
TO COST (LTC)
Rehab to Rental Loans by the Numbers
The structure and pricing of each loan is subject to underwriting and approvals
100%
% of rehab
financed
financed
90%
max % of
purchase price
financed
purchase price
financed
2.09%
average client
origination fee
origination fee
91%
% of business
from repeat
clients
from repeat
clients
Fixed Rate Loan by the Numbers
The structure and pricing of each loan is subject to underwriting approval
30
30 Year Loan -
No Balloon
Payments
No Balloon
Payments
15
Average Business
Days to Closing
Days to Closing
80%
Max LTV
(Loan to Value)
(Loan to Value)
5.5%
Starting
Interest Rate
Interest Rate
Quick Closings on Properties
Fix and Flips
As a leading specialist in fix-and-flip financing, Corridor Funding offers quick closings on a variety of property types and conditions that do not fit the criteria or the time frames of a traditional bank or conventional lender. We offer very competitive rates and fees that allow investors to make increased profits compared to traditional hard money rates and fees that are significantly higher.
12 TO 24 MONTH
LOAN TERMS
NO PREPAYMENT
PENALTIES
UP TO 90% LOAN
TO COST (LTC)
Fix and Flip Loans by the Numbers
The structure and pricing of each loan is subject to underwriting and approvals
100%
% of rehab
financed
financed
75%
% of ARV
financed
financed
6
average days
to closing
to closing
10.15%
average client
interest rate
interest rate
Corridor Funding Now Offers
New SFR Construction
Corridor Funding makes ground-up construction loans on 1 to 4 unit residential properties in urban infill areas of Austin, San Antonio, Houston, Dallas, and other areas in Texas for well-qualified clients. In many cases, projects are built on a spec basis and no pre-sale contract is required for funding. Corridor Funding has the ability to finance 100% of construction costs when the land is owned outright.
UP TO 12 MONTH
LOAN TERMS
UP TO 100% OF
CONSTRUCTION
COSTS FINANCED
FIXED RATE,
INTEREST-ONLY PAYMENTS
New Construction Loan by the Numbers
The structure and pricing of each loan is subject to underwriting and approval
100%
of construction
costs financed
costs financed
72 hrs
average draw
turn time
turn time
89%
% of business
from repeat clients
from repeat clients
8
average days
to closing
to closing
Quick Closings on Properties
Multi-Family Bridge
Need content
6 TO 24 MONTH
LOAN TERMS
NO PREPAYMENT
PENALTIES
UP TO 90% LOAN
TO COST (LTC)
Multi-Family Loans by the Numbers
The structure and pricing of each loan is subject to underwriting and approvals
100%
% of rehab
financed
financed
85%
max % of
purchase price
financed
purchase price
financed
2.09%
average client
origination fee
origination fee
91%
% of business
from repeat
clients
from repeat
clients
Corridor Funding Now Offers
International / Foreign Nationals
Corridor Funding now offers 30 year fixed rate loans designed specifically for Longterm Rental Investors in Texas. These loans range from 5.5% to 6.99% interest fixed for 30 years with no balloon payment!
Interest rate risk is totally mitigated – As interest rates go up so do rents but principle and interest stay the same.
1-4 UNIT
PROPERTIES
NO BORROWER
INCOME VERIFICATION
CASH OUT REFINANCE
OPTIONS AVAILABLE
International / Foreign National Loans by the Numbers
The structure and pricing of each loan is subject to underwriting and approval
30
30 Year Loan -
No Balloon
Payments
No Balloon
Payments
15
Average Business
Days to Closing
Days to Closing
80%
Max LTV
(Loan to Value)
(Loan to Value)
5.5%
Starting
Interest Rate
Interest Rate
Commercial Loans
Corridor Funding offers commercial loans for investors looking for quick closings and bridge-type financing for acquisitions and/or property improvement or tenant stabilization.
12 TO 36 MONTH
LOAN TERMS
UP TO 75%
LOAN-TO-VALUE (LTV)
INTEREST-ONLY
PAYMENTS
Commercial Loans by the Numbers
The structure and pricing of each loan is subject to underwriting and approvals
14
average days
to closing
to closing
100%
% of projects
in texas
in texas
82%
% of business
from repeat clients
from repeat clients
$6MM
max loan
amount
amount