Longhorn Investments

About Longhorn Investments

Based in Dallas, TX, Longhorn Investments is a private money lender providing funding throughout these areas: Dallas, Fort Worth, Houston, Austin, San Antonio, St Louis, Kansas City, Indianapolis, Charlotte, Greensboro, Winston-salem, Raleigh, and Durham. They offer lending solutions for a variety of needs and situations, including short term fix and flip loans and investment property loans. They issue loans with a maximum LTV of 70%, rates ranging between 12% and 14%, and terms up to 6 months. They require a minimum FICO score of 650 to obtain a loan. The focus of their lending is for single family homes and multi-family units.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Dallas, Fort Worth, Houston, Austin, San Antonio, St Louis, Kansas City, Indianapolis, Charlotte, Greensboro, Winston-Salem, Raleigh, Durham

Lending Guidelines for Longhorn Investments

Below are the general loan guidelines published on the Longhorn Investments website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Longhorn Investments.

Loan Example 1

Donald takes a hard money loan from Longhorn Investments in order to rehab a townhouse to flip in Dallas, TX. The sales price of the property is $190,000. The borrower will be required to fund 35% of the sales price in cash to closing based on a 65% loan to value set by the lender. This makes the principle amount from Longhorn Investments $123,500. The interest rate on the note is 14% for a term of 12 months and the lender requires a one point origination fee at the closing. The interest payments are to be paid monthly and the principle will be paid back after the property sells.

The borrower will need to bring a total of $32,400 up front to pay the $66,500 down payment plus the $1,235 origination fee. The monthly interest-only payments will then total $1,441 to the lender. Donald's plan is to complete the remodel by the end of the 12 months and sell it for $266,000. If he succeeds he will make a total profit of $57,475 ($266,000 price - $123,500 principle amount - $66,500 funds brough to closing - $1,235 origination fee - $17,290 in total interest paid.

Loan Example 2

Tabitha locates a duplex in Dallas, TX to remodel and resell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Longhorn Investments with the following parameters:

$390,000 purchase price
85% loan-to-value (LTV)
6 month term
9% interest rate
5% origination fee

Tabitha intends to list the house when the note expires for $546,000. If she accomplishes her goal, the deal numbers will be as follows:

$546,000 sales price
- $331,500 principle (85% LTV)
- $58,500 down payment (15% on 85% LTV)
- $16,575 origination fee (5% of the $331,500 principle amount)
- $14,918 total interest paid (6 months x 9% interest)
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= $124,508 total profit (does not include taxes or renovation costs)

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