Rehab Loans Simplified
Best For:
- Heavy Rehab Projects
- Lowest Rates
- Maximum Leverage
- Flexible Closing Dates
- Full Appraisal
- 3rd Party Inspector Draws
- 24/7 Access Borrower Portal
- 90% AIV | 90% LTC | 75% ARV
- Rate: 9.375%
- Origination: 1.25%
Best For:
- Light Rehab Projects
- Fast Closings
- Minimizing Cash at Close
- Competitive Rates and Leverage
- No 3rd Party Appraisal
- Self-Inspection Draw Funding
- 24/7 Access Borrower Portal
- 90% AIV | 90% LTC | 75% ARV
- Rate: 9.875%
- Origination: 1.5% Upfront or 2.25% at Payoff
Best For:
- Light Rehab Projects
- Fast Closings
- Preserving Cash Throughout
- Convenient Draw Process
- No 3rd Party Appraisal
- Self-Inspection Draw Funding
- 24/7 Access Borrower Portal
- 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). |
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.
Who Do We Work With?

Frequently Asked Questions
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, which we can help you with as well!
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.
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.
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!