Corridor Funding is a hard money lender that offers loans for real estate investors in Texas. Their rates start at 10%, they lend up to 90% LTC and 75% ARV, and fund loans in as quick as 7 days. They have a 5-star rating based on 3 Facebook reviews.
Lender Information
| Business Name: | Corridor Funding |
| Business Website: | corridorfunding.com |
| Business Address: | Austin, Texas |
| Business Phone: | Austin: (512) 560.7985 Dallas: (214) 274.5210 San Antonio: (830) 570.3796 |
| Business Email: | info@corridorfunding.com |
| Facebook: | facebook.com/Corridor-Funding-119146441813949/# |
| Twitter: | twitter.com/corridorfunding |
Corridor Funding: Rates & Terms
| Types of Properties | Non-owner occupied residential properties Commercial properties |
| Loan Amount | $75,000 minimum (no max indicated) |
| LTV | 90% LTC |
| ARV | 0.75 |
| Interest Rates | Start at 10% |
| Lender Fees | $385 processing fees 2 points $500 document preparation fee (for loans below $100,000) No prepayment penalties or minimum interest requirements |
| Loan Terms | 6 months to 3 years |
| Minimum Qualifications / Documentation | Appraisal required At least 10% down payment Credit score: 680 or higher Personal guarantee for LLCs |
| Time to Funding | Within 1 week |
| Other Financing Available | Fix & flip loans Buy & hold rehab loans New construction loans Commercial & multifamily loans |
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
Popular Hard Money Lenders 2019
Lender | Best For |
|---|---|
Investors who want competitive rates and fast funding for residential fix and flips | |
Landlords wanting to refinance or grow their rental portfolio | |
Short-term investors looking for a good residential fix-and-flip hard money loan option | |
Investors who want great customer service with a local bank feel from a 44-state lender | |
Fix and flippers who want an alternative to LendingHome, but with a commercial component |
States Currently Lending In
Texas
