We are the Premier Hard Money Lender for Rehab and New Construction
Growing your real estate business requires competitive interest rates, attractive loan-to-value ratios and first-class service. We focus on all three to help you succeed.
Types of Hard Money Loans We Provide
- Single-Family Home
- 2-4 Family Properties
- 5+ Multi-Family
- Townhouses
- Condos
- Loan Amount $50K+
- Max Term Up to 15 Months
- Loan to Cost (LTC) Up to 90%
- Sell
- Rent + Sell
- Rent + Refi Out
- Single-Family Home
- 2-4 Family Properties
- 5+ Multi-Family
- Townhouses
- Condos
- Loan Amount $100K+
- Max Term Up to 15 Months
- Loan to Cost (LTC) Up to 85%
- Sell
- Rent + Sell
- Rent + Refi Out
- Single-Family Home
- 2-4 Family Properties
- 5+ Multi-Family
- Townhouses
- Condos
- Loan Amount $100K+
- Max Term Up to 15 Months
- Loan to Cost (LTC) Up to 85%
- Sell
- Rent + Sell
- Rent + Refi Out
Funding Projects Like These
Why get a hard money loan with Upright?
As you’ve probably already experienced, maintaining and growing a network of private lenders is time-consuming and inefficient — and that network has limited finances. Give your business the advantage by working with Upright.
Reliable Financing
We’re a direct hard money lender with a diverse capital stack — which means we can fund your project, we can fund it fast, and we can continue funding it as each project progresses.
Local Team
When was the last time your lender visited your jobsite? We have Territory Managers and Regional Sales Directors throughout the U.S. — many who invest in real estate themselves.
Scalability
With private lenders, you can take on only as many projects as your network can finance. With us, bring us the good deals, and we’ll fund them. Many of our borrower partners double their completed projects when they start working with us.
24/7 Support
Beyond our local teams, we have an entire in-house team dedicated to you and your business. We guide you through every step of the loan process, close faster than anyone in the industry, and make sure your draws are fast and accurate.
A rehab loan is a type of short-term hard money or bridge loan used to purchase and repair or improve a real estate property. Rehab loans are often used in fix-and-flip and fix-to-rent projects.
In a fix-and-flip project, the rehab loan is used to purchase a distressed property, as well as pay for the supplies and labor related to repairing and improving it. The loan term is typically short, as the profits from one rehab will generally be used to purchase the next deal.Rehab loans can be exited by selling the property, renting the property and refinancing out of the short-term Upright loan into a longer-term rental loan, and other options to meet your portfolio and investment goals.
Rehab loans cover a portion of the purchase price, as well as the supplies, labor, etc. to repair and improve the property.They do not cover owner-occupied investment properties, nor do we offer loans for long-term rentals at this time.
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.
Yes. Many borrowers refinance out of the Upright loan, or rent the property and refinance out into a long-term loan.
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