Longhorn Investments

Longhorn Investments is a direct private lender with deep experience, offering short-term financing and legal expertise to support real estate investors across acquisition, renovation, and strategy.

Fix & Flip

Virtual Inspections allowed on:Fix & Flip

Loan Close Time: 3-5 business days

Overview

Longhorn Investments was formed in 2008 and has funded over 10,000 loans since inception. They also have a complementary real estate law practice operating out of their corporate office. Longhorn Investments’ wealth of experience puts them in the unique position of being able to help investors through all aspects of each transaction. Whether your investment strategy is flipping or long-term rentals, Longhorn is your best option for a hard money lender.

They are a direct private lender offering short-term acquisition and renovation capital to real estate investors for residential and small multi-family commercial assets.

Draw & Construction Process

2-3 Business Days after funding, you will receive an email from Longhorn Investments to gain access to our draw request platform.
If you already have an account, you can log in here.

The location and scope of work will determine the type of inspection required. Ensure you note how the inspector can gain access to the property. The typical Draw Fee is $150 for a single-family investment property.

Typically, it takes 3-4 business days to receive draw reimbursement funds. Once we have the inspection report, we will deposit the money into your account via ACH.

Only AFTER the property has closed AND funded should rehab work begin…

Step 1: The borrower is responsible for paying contractors directly if they require funds upfront to begin rehab.

Step 2: The borrower is ready to be reimbursed for completed work and submits a Draw Request – available here

Step 3: Inspections are performed to verify that the items requested have been completed. The inspection report is sent to the lender for approval.

Step 4: The lender reviews the inspection report. Escrow funds are electronically released from the lender to the borrower. Turnaround time is typically 3-5 business days from the Draw request to the borrower’s receipt of the funds.

Inspection Fees: Inspection fees are $150 for all standard properties up to 2 doors. The inspection fee will be deducted from the approved draw funds released. The borrower can request as many or as few inspections as needed.

NOTE: Longhorn Investments does not release funds for work that has not been performed, including the start of rehab. Funds are only released for completed work verified by inspection. We do not release funds for deposits, down payments, receipts, or invoices.

Best For

Fix and Flip, Ground Up (New Construction)

Loan Programs

Residential Hard Money loans are based on the After Repaired Value (ARV) of the property and include funds for both purchase and rehab.

Loan Fees:

*Interest Rates starting at 10.99% (interest-only payments)
**As low as 1.99% origination (depends on deal and location)
Appraisal Fee: $600 on average (varies by market and turnaround time needed)
Document Review Fee: $600.00
Processing Fee: $650
Credit Review Fee: $120
Flood Certificate Fee: $15

* 10.99% interest is reserved for our Longhorn Loyalty Program for borrowers who have successfully paid off three deals with Longhorn Investments and are in good standing.

** 1.99% is reserved for our Longhorn Loyalty Program, which is for borrowers who have successfully paid off three deals with Longhorn Investments and are in good standing.

Loan Terms:

A mortgagee’s title policy is required.
An insurance policy is required on all loans for the loan term.
Up to 75% of the After Repaired Value in Rental properties (excluding points and fees), not to exceed 100% of cost *Proof of Refinance Required
Up to 70% of the After Repaired Value on Flips (excluding points & fees), not to exceed 100% of the cost.
9-month term
3-month optional extension (extension fees may apply)

Borrower Criteria:

Minimum Median Credit Score of 600
Minimum of $15,000 or more in a Checking, Savings, IRA and/or 401(k) account
No Recent Bankruptcy or Foreclosures (subject to review by Longhorn)

Property Criteria:

First Liens Only
Single-family, 2-4 unit, townhomes (no condominiums or manufactured homes).
Our loans are made on the After-Repaired Value (ARV)
Appraisals must be ordered by Longhorn and performed by a third-party appraiser.
Properties should be located in or around suburban and/or major metropolitan areas: Dallas, Fort Worth, Houston, Austin, San Antonio, El Paso, St. Louis, Kansas City, Indianapolis, Charlotte, Greensboro/Winston-Salem, Raleigh/Durham, Nashville, Chattanooga, Knoxville, Huntsville, and Birmingham etc…
Longhorn reserves the right to adjust advance rate requirements as deemed necessary.

Resources

Visit their website

Legal / Disclosures

All loans are subject to underwriting and approval. Terms may vary based on borrower experience and project specifics.