Hard Money Loans for
Rehab Projects

Short-term, interest-only bridge loans for residential rehab, redevelopment, and fix-and-flip projects.

Rehab Loans Simplified

We've been providing financing for fix-and-flip investors for over a decade. We've created a simple set of products that meet the needs of growing real estate investors.
Advantage
Base product, offering the best combination for rate and LTVs.

Best For:
  • Heavy Rehab Projects
  • Lowest Rates
  • Maximum Leverage
  • Flexible Closing Dates
Servicing
  • Full Appraisal
  • 3rd Party Inspector Draws
  • 24/7 Access Borrower Portal
Leverage and Pricing
  •  90% AIV | 90% LTC | 75% ARV
  • Rate: 9.375%
  • Origination: 1.25%
Boost
Product designed for minimizing cash at close and speedy draws.

Best For:
  • Light Rehab 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
  •  90% AIV | 90% LTC | 75% ARV
  • Rate: 9.875%
  • Origination: 1.5% Upfront or 2.25% at Payoff
Catalyst
Product designed for cashflow optimization and speedy draws.

Best For:
  • Light Rehab Projects
  • Fast Closings
  • Preserving Cash Throughout
  • Convenient Draw Process
Servicing
  • No 3rd Party Appraisal
  • Self-Inspection Draw Funding
  • 24/7 Access Borrower Portal
Leverage and Pricing
  •  90% AIV | 90% LTC | 75% ARV
  • Rate: 9.875% Deferred to Payoff
  • Origination: 2.25%
Types of Projects
Single-family home, 2-4 family properties, 5+ multi-family, townhouses and condos
Max Term
Up to 15 months
Details
Interest-only loan, first position
Loan Amount
$50K+
Loan to Cost (LTC)
Up to 90%
Construction Costs
Sell, Rent + Sell, Rent + Refi Out
Exit Strategy
Sell, Rent + Sell, Rent + Refi Out
States
Currently lending in 35 states (see map below).
UPRIGHT Rehab loans

How is a Rehab Loan Different Than Other Hard Money Loans?

A rehab loan is a short-term, hard money loan that covers a significant portion of the cost to purchase as well as repair or improve a property, versus a construction loan which is used for all costs associated to build the property.

Single Family
Duplex, Triplex, or Quadplex
Condos and Townhomes

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
Hard Money Lending in the Following States
Upright Loans

Frequently Asked Questions

What is a rehab loan?

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.

How do fix and flip loans work?

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, which we can help you with as well!

What do fix and flip loans cover?

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.

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 verifying work complete.

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 as well!