Texas Hard Money Lender Expands Hard Money Lending to North Carolina
Longhorn III Investments, LLC, the leading source of private financing and hard money loans for serious real estate investors in Texas and Missouri, is excited to announce that they are now actively lending in the state of North Carolina.
The Texas real estate investment community is the bread & butter for Longhorn III Investments, LLC but they have just recently opened up hard money lending in other markets. The first market that Longhorn expanded to was Missouri and the second market that Longhorn will start lending in as of June 2013 is North Carolina.
“We (Longhorn) look at many factors when deciding to lend in a particular market,” said Michael Hoffman, President of Longhorn III Investments, LLC. “First, we look at the foreclosure laws. There are some states that make it difficult to foreclose and those markets we will most likely shy away from. Second, we look at the overall health of the real estate market. We do an economic analysis of where we think that particular market is heading and does Longhorn believe in the future of that real estate market. Third, what are the barriers to entry? Thus, if we already have a borrower(s) in the market and/or brokerage channels established we are going to seriously look at opening that market. North Carolina was able to check all of those necessary boxes to meet the criteria and so we made the decision. We will be actively looking to fund transactions starting June 2013!”
“Over the last couple of years we have been working towards lending in other states outside of Texas,” stated Chris Friedl, VP of Marketing at Longhorn III Investments. “Now we have opened up North Carolina, to go along with Missouri that we previously started lending in early in 2013. There are potentially more markets that will be opening in 2013 as Longhorn looks to expand its brand and lending into multiple states in 2013. The faster we can find the borrowers and brokerage relationships the faster we can open up new markets & territories. That being said we are always looking for new relationships and partnerships in those and other markets.”
