The Problem
Michael Hoffman, Founder and CEO of Longhorn III Investments, has been a customer of The Mortgage Office since 2010. Mike shared how he transitioned from a personal injury lawyer to private lending, initially navigating the industry with little knowledge. He and his partner began by establishing a fee office title company in Texas and soon engaged in wholesale and hard money lending, where they gradually built a small portfolio. Mike was operating their business on spreadsheets and needed a solution to streamline their business and simplify reporting so he could focus on the important task of growth.
The Solution
Growth Through Adaptation: In 2010, after seeing the potential in private lending, they adopted The Mortgage Office (TMO) software, which streamlined their processes, enhanced data access, and supported rapid scaling from individual trustee loans to a fund-based structure. By implementing TMO, they gained data accuracy and efficiency that were pivotal for growth and securing credit lines.
The Results
Expansion and Scaling: With improved operations and data integrity, Longhorn attracted institutional investors and banks, such as Veritex, enabling expansion beyond Texas into other states. Hoffman emphasized the importance of centralized control and in-house servicing, made feasible through TMO’s capabilities.
From humble beginnings with 10 loans, Longhorn quickly expanded to 150 loans, and have since sourced over 8500 loans with a note value of over $1.5 Billion.
About longhorn investments
Longhorn Investments was formed in 2008 and has funded thousands of loans since inception. Their complementary businesses include a title company and real estate law practice operating out of their corporate office. Their 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.
They are a direct private lender offering short term acquisition and renovation capital to real estate investors for both residential and commercial assets. They operate in major metropolitan areas throughout Texas, Tennessee, Missouri, Indiana, Ohio, Arkansas, Alabama, New Mexico, Georgia and North Carolina.
“TMO loan servicing was vastly superior to anything we’ve seen from the other organizations that we spoke to. And I think the proof is in the pudding – after our merger, they agreed with us and said the same. That, wow, this is better…”
Michael Hoffman, Esq
CEO and Founder, Longhorn III Investments