Hard Money Loans for
New Construction Projects

Short-term, interest-only loans for residential new construction projects.

New Construction Loans Simplified

We've been providing financing for homebuilders for over a decade. We've created a simple set of products that meet the needs of growing homebuilders.
Advantage
Base product, offering the best combination for optimizing rate and leverage.

Best For:
  • Luxury Product or Multi-Parcel
  • Lowest Rates
  • Maximum Leverage
  • Flexible Closing Dates
Servicing
  • Full Appraisal
  • 3rd Party Inspector Draws
  • 24/7 Borrower Portal
Leverage and Pricing
  •  70% AIV | 85% LTC | 70% ARV
  • Rate: 9.875%
  • Origination: 1.5%
Get Funded
Boost
Product designed for minimizing cash at close,  speedy draws and streamlined closing.

Best For:
  • Shovel-Ready Infill Projects
  • Fast Closings
  • Minimizing Cash at Close
  • Competitive Rates and Leverage
Servicing
  • No 3rd Party Appraisal
  • Self-Inspection Draw Funding
  • 24/7 Access Borrower Portal
Leverage and Pricing
  •  70% AIV | 85% LTC | 70% ARV
  • Rate: 10.375%
  • Origination: 1.5% Upfront or 2.5% at Payoff
Apply for a Loan
UPRIGHT new construction loans

How is a New Construction Loan Different Than Other Hard Money Loans?

New construction loans differ from rehab loans in that the loan needs to accommodate the supplies, labor, inspections, etc. to construct the property — as well as the completed project.

Single Family

Learn More

Duplex, Triplex, or Quadplex

Learn More

Condos and Townhomes

Learn More

Who Do We Work With?

Upright works with experienced, professional redevelopers and rehabbers with the best deals in the best real estate markets. You’ve got a business to grow, and we’re here to help.
vector check mark
Looking to scale your business
vector check mark
2 completed projects in the past 24 months with a credit score of 660+
vector check mark
Cash on-hand for the down payment and closing
vector check mark
Speed, convenience and certainty is valued
Get Funded
Hard Money Lending in the Following States
Upright Loans

Frequently Asked Questions

What is a new construction loan?

A construction loan is a type of bridge loan or hard money loan. The loan is secured by the value of the asset to be built. The loan covers a portion of the cost to purchase the land, if needed, as well as the supplies, labor, etc. to build the property. The leverage is based off of the value of the finished property.

Can I finance 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 back and release them as project milestones are met, subject to inspection.

Can I refinance 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, which we can help you with too!