What is a condo or townhome?
A condo is an individual unit that resides in a building or community of buildings where the interior of the unit can be owned by an individual. Condo ownership generally includes a single unit and a fraction of the building. A townhome is a multilevel home that shares a wall with other townhomes where the interior, exterior and land can possibly be owned individually. Townhome ownership includes the building and the land itself.
New Construction Overview for Townhomes and Condos
With great experience comes great rates and flexible terms. Submit your deal and we'll be in touch to talk details as soon as 24 hours.
| Max Term | Up to 15 Months |
| Details | Interest-only loan, first position |
| Loan Amount | $100K+ |
| Loan to Cost (LTC) | Up to 85% |
| Exit Strategy | Sell, Rent + Sell, Rent + Refi Out |
| States | Currently Lending in 35 States |
| Max Term |
| Up to 15 Months |
| Details |
| Interest-only loan, first position |
| Loan Amount |
| $50K+ |
| Loan to Cost (LTC) |
| Up to 90% |
| Exit Strategy |
| Sell, Rent + Sell, Rent + Refi Out |
| States |
| Currently Lending in 35 States |
How is a New Construction Loan Different from Other Types of 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.
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 condo is an individual unit that resides in a building or community of buildings where the interior of the unit can be owned by an individual. Condo ownership generally includes a single unit and a fraction of the building. A townhome is a multilevel home that shares a wall with other townhomes where the interior, exterior and land can possibly be owned individually. Townhome ownership includes the building and the land itself.
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.
