Hard Money Loans for
Rehab Projects

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

Looking to scale your real estate investing business? Partnering with Upright ensures you have the financing and local support you need to take your business to the next level.
Types of ProjectsSingle-family home, 2-4 family properties, 5+ multi-family, townhouses and condos
Max TermUp to 15 months
DetailsInterest-only loan, first position
Loan Amount$50K+
Loan to Cost (LTC)Up to 90%
Construction CostsUp to 100%
Exit StrategySell, Rent + Sell, Rent + Refi Out
StatesCurrently lending in 35 states (see map below).
Types of Projects
Single-family home, 2-4 family properties, 5+ multi-family, townhouses and condos
Max Term
Up to 15 months
Interest-only loan, first position
Loan Amount
Loan to Cost (LTC)
Up to 90%
Construction Costs
Sell, Rent + Sell, Rent + Refi Out
Exit Strategy
Sell, Rent + Sell, Rent + Refi Out
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.

Unlike the well-known FHA 203K rehab loans, a hard money rehab loan cannot be used for an owner-occupied property.

Single Family
Duplex, Triplex, or Quadplex
Condos and Townhomes
Multi Family (5+)

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 not looking to mess around.
Looking to scale your business
4 completed and repaid deals in the past 24 months
Cash on-hand for the down payment and closing
VIPs looking for great rates
Where we currently lend
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 Fund That Flip loan into a longer-term rental loan, and other options to meet your portfolio and investment goals.

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, nor do we offer loans for long-term rentals at this time.

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 in escrow 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.