What is a Duplex, Triplex, or Quadplex?
A duplex house is a single building where two households or families can live separately. It is a small type of multifamily building with two dwellings connected by a common wall (or ceiling/floor). Each unit has a separate entrance but may share some common features like a driveway, yard, or garage. A duplex often looks like a house with two front doors, either split between floors (upstairs and downstairs), or split down the middle. Triplexes and quadplexes are similarly connected buildings with three or four units respectively.
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%
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.
Upright offers Rehab Hard Money Loans on the following property types:
Who Do We Work With?
Upright by the Numbers
$2.6 Billion+ in Loans
to scale businesses and transform communities
35+ States
6,500+ Homes & Rentals
transformed, revitalized, and built throughout the U.S.
8,700+ Jobs Created
by funding real estate investors
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.
Frequently Asked Questions
A duplex house is a single building where two households or families can live separately. It is a small type of multifamily building with two dwellings connected by a common wall (or ceiling/floor). Each unit has a separate entrance but may share some common features like a driveway, yard, or garage. A duplex often looks like a house with two front doors, either split between floors (upstairs and downstairs), or split down the middle. Triplexes and quadplexes are similarly connected buildings with three or four units respectively.
Scale With Confidence
Check out the resources below to learn more about how Fund That Flip does business, and how we support our borrower partners in growing their businesses.
