Earn up to 13% passively investing in real estate projects — no hammers required.
Diversify and expand your portfolio with wealth-generating residential real estate investments, underwritten and originated by our analyst team.
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High-Yield Borrower Dependent Notes (BDN)
Take control of your investing goals and diversify with short-term, high-yield individual BDNs and a minimum investment of $5,000.
- Up to 13% returns
- Choose how you diversify: Developers, regions, types of projects
- 99.7% of principal repaid
- Fixed interest and maturity dates
- Loan diligence and origination by our analysts
What is a Borrower Dependent Note (BDN)?
On the Upright Loans side of the house, we underwrite and originate loans for residential real estate projects. Then, accredited investors purchase fractional shares of that debt as an investment to earn income. When you Invest with Upright or purchase a share in a real estate project, you’re investing in a Borrower Dependent Note (BDN).
We use the proceeds from the BDN to fund the mortgage note for the real estate project you invested in. The performance of the BDN is directly correlated with the performance of the underlying loan (e.g. on-time interest payments).
The BDN is a promissory note that entitles the investor to a fixed interest rate and principal repayment once the individual loan reaches maturity. BDNs may earn interest from the day funds clear escrow with earned income paid monthly.
We use the proceeds from the BDN to fund the mortgage note for the real estate project you invested in. The performance of the BDN is directly correlated with the performance of the underlying loan (e.g. on-time interest payments).
The BDN is a promissory note that entitles the investor to a fixed interest rate and principal repayment once the individual loan reaches maturity. BDNs may earn interest from the day funds clear escrow with earned income paid monthly.
Horizon Residential Income Fund I (HRIF)
Our first managed fund that utilizes the tax advantages of a real estate investment trust (REIT), combined with short exposure and instant and revolving diversification. Minimum investment of $15,000.
- Target returns: 10% - 13%; Preferred: 8%
- Target offering: $30M
- 12 month minimum holding period*
- Significant tax benefits
What is the Horizon Residential Income Fund?
The Horizon Residential Income Fund (HRIF or the fund) invests in short-term residential mortgages originated by Upright, providing investors with portfolio diversification, current income, and the significant tax benefits of a real estate investment trust (REIT).
HRIF utilizes a REIT structure, where the fund owns the subsidiary REIT that leverages investment principal to purchase whole residential bridge loans. The fund collects interest payments and fees on the underlying loans and makes quarterly disbursements of net income to member investors. When an underlying loan is repaid, HRIF reinvests that money in new loans until the fund is closed and the principal begins to return to members.
Due to the short duration and large quantity of underlying loans, investment in HRIF offers instant and revolving diversification.
HRIF utilizes a REIT structure, where the fund owns the subsidiary REIT that leverages investment principal to purchase whole residential bridge loans. The fund collects interest payments and fees on the underlying loans and makes quarterly disbursements of net income to member investors. When an underlying loan is repaid, HRIF reinvests that money in new loans until the fund is closed and the principal begins to return to members.
Due to the short duration and large quantity of underlying loans, investment in HRIF offers instant and revolving diversification.
Pre-Funding Note Fund (PFNF)
Invest in a line of credit that funds every loan underwritten and originated by Upright, with a minimum investment of $1,000.
- 100% interest paid, 100% principal repaid, 100% on-time
- Instant diversification across developers, regions, & projects
- Minimal exposure to economic shifts
- Fixed interest and maturity dates
- Loan diligence and originated by our analysts
What is the Pre-Funding Note Fund (PFNF)?
PFNF (or the fund) allows accredited investors to invest in a line of credit that finances every loan underwritten and originated by Upright.
Investment into PFNF purchases a series note issued by the fund (this is a debt instrument, not equity investment). PFNF then invests capital raised via series notes into a prefunding line of credit. Principal in the line of credit is used to fund first-position mortgage loans secured by residential real estate.
PFNF features fixed interest and maturity dates and is structured so that investments may earn interest from the day funds clear escrow with earned income paid monthly.
Investment into PFNF purchases a series note issued by the fund (this is a debt instrument, not equity investment). PFNF then invests capital raised via series notes into a prefunding line of credit. Principal in the line of credit is used to fund first-position mortgage loans secured by residential real estate.
PFNF features fixed interest and maturity dates and is structured so that investments may earn interest from the day funds clear escrow with earned income paid monthly.
Residential Bridge Note Fund (RBNF)
Invest in a diverse pool of whole loans and fractional mortgages representative of the larger Upright portfolio, with a minimum investment of $1,000.
- 100% interest paid, 100% principal repaid, 100% on-time
- Instant diversification across developers, regions, & projects
- Minimal exposure to economic shifts
- Fixed interest and maturity dates
- Loan diligence and origination by our analysts
What is the Residential Bridge Note Fund (RBNF)?
When accredited investors invest in RBNF (or the fund), you’re investing in a pooled fund of whole loans and fractional mortgages (Borrower Dependent Notes or BDNs) representative of our larger portfolio.
Investment into RBNF purchases a series note issued by the fund (this is a debt instrument, not an equity investment). The underlying assets of the fund correlate to the performance of each underlying first-position mortgage (e.g. on-time interest payments).
RBNF features fixed interest and maturity dates and is structured so that investments may earn interest from the day funds clear escrow with earned income paid monthly.
Investment into RBNF purchases a series note issued by the fund (this is a debt instrument, not an equity investment). The underlying assets of the fund correlate to the performance of each underlying first-position mortgage (e.g. on-time interest payments).
RBNF features fixed interest and maturity dates and is structured so that investments may earn interest from the day funds clear escrow with earned income paid monthly.
Compare Our Investment Offerings
While there are several crowdfunded real estate investing platforms available to accredited and non-accredited investors, no two have the same operational or business model. Here we attempt to show performance and investor performance distinctions between Upright and some other key players in the space.
| Upright | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | |
|---|---|---|---|---|---|---|---|---|
Underwrite and originate loans for investment | Yes, on some. | |||||||
Offer individual loans, short-term notes, and long-term notes | ||||||||
Historic returns over 10% | ||||||||
Focus only on real estate investment | ||||||||
Offering with additional tax benefits | ||||||||
| Minimum investment | $1,000 | $10 | $10 | $10,000 | $5,000 | $1,000 | $25,000 | $10,000 |
| Fees for passive investors | ||||||||
Accrue interest from day one of initial investment | ||||||||
Indenture trustee in place | Unknown |
| Underwrite and originate loans for investment |
| At Upright, we underwrite and originate all loans available for investment as an individual note or included in a pooled fund. This is how our company generates revenue, as well as how we keep incentives aligned. Since we are lending the money for these loans, we have a vested interest in them being paid back — that's why we have stringent experience and financial requirements for the borrowers we work with. Our underwriting process includes 40+ points of due diligence to assess risk and opportunity. Companies that do not originate loans for investment generally do not collect the same fees to generate revenue, nor are they able to manage or mitigate risks associated with the subject borrower's experience or viability of the investment property. |
| Offer individual loans, short-term notes, and long-term notes |
| Upright offers a variety of real estate investment offerings to help accredited investors earn income, diversify their investments and risk, and reach their investing goals. Regardless of offering, every loan is diligenced, underwritten, and originated by our real estate analysts. |
| Offering with additional tax benefits |
| Upright offers the Horizon Residential Income Fund I, LLC (HRIF), which is relatively unique in the crowdfunded real estate investing space. HRIF utilizes a sub-REIT (real estate investment trust) structure, which offers investors significant tax benefits. |
| Historic returns over 10% |
| Since our founding in 2014, accredited investors on the Upright platform have historically earned returns of more than 10% each year. |
| Focus only on real estate investing |
| Upright COO, Jon Andrews has said, "We're like Chick-fil-A, we do one thing really well." That's residential real estate investing. All of our products are for investing in real estate either passively or actively. We believe that trying to do a variety of different crowdfunded investing products means we're going to do some of them poorly, so we focus all of our efforts on real estate. Some of the companies in this list offer investments in art, litigation, or also provide IRAs that can be used to invest in alternative investments. We acknowledge that some investors may want that versatility. |
| Accrue interest from the day funds clear escrow and earn income within 45 days of investment (or ~monthly) |
| All Upright investment offerings, Borrower Dependent Notes (BDN), Pre-Funding Note Fund (PFNF), and Residential Bridge Note Fund (RBNF) pay income monthly. The Horizon Residential Income Fund (HRIF) pays income quarterly. On all offerings, funds beginning accruing interest from the day funds clear escrow (usually same day). The majority of our investments are intended to be short-term, and even HRIF has only a 12-month minimum holding period. Some of the companies on this chart focus on long-term investments with quarterly disbursements. Investors should be sure they've done their research before investing. |
| Indenture Trustee in place |
| An Indenture Trustee ensures that in the unlikely even of the company's insolvency or bankruptcy, someone is looking out for investor interests. The Indenture Trustee is a third-party that works to ensure investors are still paid interest or repaid principal. |