New 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 36 Month Loan Terms
  • Up to 100% of Construction Costs Financed
  • Fixed Rate, Interest-Only Payments
New Construction Home Loans

New Construction Loans By The Numbers

The structure and pricing of each loan is subject to underwriting and approval.

100%

of Construction Costs Financed

72 Hours

Average Draw Turn Time

89%

% of Business from Repeat Clients

8

Average Days to Closing

How it Works

All Corridor Funding Loans Feature:

  • No Hidden Fees
    • Most loans incur just $885 in loan and document processing fees
  • Fast Closings
    • Our clients compete successfully against cash buyers because we are typically able to close within one week from submitted documents
  • Flexible Underwriting Guidelines
    • We are a private portfolio lender. We have easy income underwriting guidelines for investors and self-employed borrowers that is much more investor-friendly than traditional underwriting criteria
  • Low-Downpayment Options
    • We finance up to 90% of the purchase price and 100% of rehab costs, or up to 100% of costs if using another property as collateral
  • Speedy Draw Process
    • Rehab draw requests reimbursed within 3-5 days
  • Pre-Approval

    The pre-approval process includes the collection of all relevant investor documents. This includes but is not limited to credit score, proof of liquidity, and investor experience.

  • Appraisal

    After a signed term sheet has been returned, we order an appraisal through our network of top-rated appraisers. However, investors may choose to use a preferred appraiser as well.

  • Close Your Next Investment

    Once the appraisal returns and all criteria are met, Corridor Funding can work with your preferred title company to close your next investment the next day.

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