GOLD LENDER
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, 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.
Corridor Funding was formed as a direct private real estate lenders with the objective of giving customers with a faster and easier method to apply for and get loan approval for their real estate investments.
Corridor Funding emphasizes fast, inspection-based draws for renovation and new construction projects. Renovation and new construction funds are wired to the borrower’s account the same day the inspection report is completed, or the following morning. Borrowers submit a renovation budget along with their application and contract, and Corridor Funding manages the file through to closing.
The company highlights its construction track record, including a ground-up project where it funded 100 percent of the costs to build seven homes, with the borrower handling project management, communication, and draw scheduling. Corridor Funding’s loans also close quickly: bridge, value-add, and fix and flip loans can close within 24 to 48 hours of the appraisal report, while its 30-year fixed loan closes within 10 days of the appraisal.
Corridor Funding is a Texas hard money lender offering fix and flip, ground-up construction, and 30-year fixed rate rental loans to investors, LLCs, and corporations, with loans that are not reported to the credit bureaus.
• Fix and flip: up to 97% loan to cost (LTC), 100% of rehab financed, and up to 95% of the purchase price, on 12 to 18 month terms with no prepayment penalty and rates from 8.99%.
• New construction (1 to 4 units): 100% of the construction budget and up to 70% of the after-construction value, with no personal income underwriting and zero experience required.
• 30-year fixed rate rental: up to 80% LTV, with 10-year interest-only options, no income verification, and no origination fees, from 5.99%.
• Corridor also lends on multifamily and commercial deals, and works with both US citizens and foreign nationals.
Corridor Funding is a Texas-based real estate hard money lender headquartered in Spring Branch, Texas, founded by Jasen Miller and Jason Hirko, with offices serving Austin, Dallas, San Antonio, and Houston. The company lends to individuals, LLCs, and corporations for real estate investment purposes, and its loans are not reported to the credit bureaus. Corridor Funding is a partner of the National Private Lenders Association (NPLA) and the American Association of Private Lenders (AAPL).
