Hard money loans for fix-and-flip, new construction, and rental.

Partnering with Upright Loans means reliable funding that’s there when you need it, the fastest closing in the industry, and a dedicated team to help take your business up and to the right.
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Our Loan Offerings

Hard Money Loans

Upright provides hard money loans for rehab, new construction, and portfolio projects.

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DSCR Rental Loans

Upright provides fast, easy, and flexible DSCR Rental Loans.

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Why Get A Hard Money Loan?
Hard money loans help you scale your business faster than working with conventional banks, which have strict requirements and slow closings, or a private lender who has limited funds.

Hard money loans are somewhere in the middle. The loan is secured by a real asset — the real estate property — and we look at a collective of other qualifications like your experience, cash to close, financial history, and credit score. 

Reliability. Flexibility. Speed to close, speed to draw, and speed to payoff. That’s why hard money loans are the preferred funding solution for real estate investors throughout the U.S.
a proven track record

Funding Projects Like These

Pensacola, FL
Single-family home with 3 bedrooms and 2 full baths in Pensacola, FL. ARV per Upright internal valuation is $280,000. The developers have a track record of residential rehabs in this market.
Offering
$162,000
ARV
57.90%
Term
12m
Charlotte, NC
This fix-and-flip project with NIL bedrooms in Charlotte, NC, was funded with a short-term residential rehab loan by private money lender Upright.
Offering
$2,018,000
ARV
61%
Term
12m
Chesterton, IN
2 Single-family homes each with 2 bedrooms and 2 full baths in Chesterton, IN. ARV per Upright internal valuation is $700,000. The developer has a 700+ credit score, and a track record of residential new construction in this market.
Offering
$455,000
ARV
65%
Term
9m
Upright Loans
Frequently Asked Questions
What is a hard money loan?

Hard money is a type of loan commonly used in real estate investing. They are also known as bridge loans or STABBL loans (short-term, asset-backed bridge loans). Hard money loans are typically short term, with a max term length of around 18 to 24 months, and are always backed by a physical asset, such as the real estate property.

Learn more here.

What are the risks of a hard money loan?

Hard money loans are not the solution for every real estate investing need. A hard money loan may not be the solution if:

  • You need a lower interest rate
  • You need a long-term loan
  • You don't have the funds or private backing for the down payment
  • You are unsure if you can repay the loan in a short time period
  • The property is owner-occupied
What are the benefits of a hard money loan?
  • Fast process -- close in 7-10 days
  • Higher leverage to scale faster
  • Flexible terms
  • Easier financial requirements than banks
  • Reliable, sustainable money
How does it take to process a hard money loan?

We can close your loan in 7-10 days. Of course, some of the onus is on you to get us copies of documents we need, but we’ll walk you through it.

Can I finance the construction costs?

Yes. We have the capability to fund up to 100% of construction costs. Similar to other funding mechanisms, after closing we'll hold a portion of the construction funds in escrow and release them as project milestones are met, subject to inspection.

Can I finance out of a hard money loan?

Yes. Many borrowers refinance out of the Upright loan, or rent the property and refinance out into a long-term loan.

How do I talk to a rep?

Simple — enter a few details and we’ll connect you with a Sales Development Representative.

How to know if I qualify

We’ll let you know within 24 hours. Answer a few questions here, then be on the lookout for calls, texts, and emails from us.

What's the status of my application

Log in to your dashboard to check the status of your application, or reach out to the SDR or Account Executive who contacted you.

What are Upright's underwriting requirements?

We start by looking at your qualifications. We partner with professional developers with a track record of success.

You should have 4+ successful projects under your belt and a network of contractors, legal professionals, and real estate agents. Once you are prequalified, we look at each project on its own merit, but this is generally what we are looking for:

  1. How much of your own equity is in the project? We require at least 10% of your own money into each project.
  2. Loan-to-Value (LTV) should be less than 70% of the After Repair Value (ARV) of the property.
  3. ARV should be supported by a thorough analysis of sales data from comparable properties (comps). This should be further supported by an appraisal and/or Broker Price Opinion (BPO). We will likely order our own BPO and appraisal to verify your analysis.
  4. A detailed statement of work with line item costs of all the repairs and improvements you plan to make. This should be supplemented with a home inspection report. We may also perform our own inspection.
  5. An exit strategy. Do you plan to sell this to an owner-occupier or an investor who will rent it out? Maybe you plan on refinancing the property with a traditional mortgage and holding it as a rental. Let us know, as this can impact the market risk of the project.
  6. Photos! Send us photos of the property showing its current state and key areas of the home you plan on improving.

More is better, and all of this information can be easily uploaded through your dashboard.

Is Upright a hard money lender or private lender?

We’re the best of both. While we have formalized underwriting processes and procedures akin to a hard money lender, the capital we deploy comes from the 'crowd,' which is more in-line with a group of private lenders. As you develop online relationships with our network of private lenders, it is possible that your projects start to see similar economics provided by friendly private lenders.