Groundfloor vs Upright (formerly Fund That Flip)
These two share an unusual model — both originate fix-and-flip loans and let outside investors fund them as notes. Groundfloor is the more accessible entry point: a 600 credit floor and a retail-investor notes product make it friendlier to newer flippers and small-dollar backers. Upright sets a 640 floor but pushes higher leverage (up to ~85% of purchase) and is built around experienced flippers and accredited note investors. Choose Groundfloor if credit or accessibility is the constraint; choose Upright to maximize leverage once you have flips under your belt.
Shared products: Fix & Flip · Updated July 2026
3.8
Groundfloor
Wins 2 categories
3.9
Upright (formerly Fund That Flip)
Wins 2 categories
Full Comparison
| Feature | Groundfloor | Upright (formerly Fund That Flip) |
|---|---|---|
| Interest Rates | 7.5%–14%Better | 8.5%–12% |
| Max LTV | 75% | 85%Better |
| Min Credit Score | 600Better | 640 |
| Loan Range | $75K–$1M | $100K–$3M |
| Origination Fee | 2–4 points | 1.5–2.5 points |
| Speed to Close | 14–21 days | 10–14 days |
| Experience Required | No experience required | 1–2 deals |
| LLC Borrowing | Yes | Yes |
| Interest-Only | Available | Available |
| Prepayment Penalty | None | None |
| Foreign National | No | No |
| Coverage | Regional | Nationwide |
| Property Types | SFR (1-4), Condo, Townhouse | SFR (1-4), Condo, Townhouse |
| Loan Products | 2 products | 2 products |
| Founded | 2013 | 2014 |
| Editor Rating | 3.8 / 5.0 | 3.9 / 5.0Better |
Pros & Cons
Groundfloor
Pros
- +No prepayment penalties — sell early without penalty
- +Works with first-time flippers
- +Low minimum credit score (600)
- +Transparent pricing and terms
- +Lower minimum loan amount
Cons
- –Not available in all states
- –Higher origination fees (2–4 points)
- –Max loan amount lower than competitors ($1M)
- –Crowdfunding model can mean variable availability
Upright (formerly Fund That Flip)
Pros
- +High LTV (up to 85% of purchase)
- +Fast closings (10–14 days)
- +No prepayment penalties
- +Technology-forward platform
Cons
- –Requires at least 1-2 completed deals
- –Higher minimum rate than some competitors
- –Limited to 1-4 unit residential
- –Brand transition (Fund That Flip → Upright) may cause confusion
Upright (formerly Fund That Flip)
3.9 editor rating · 10–14 days closing
Frequently Asked Questions
Is Groundfloor or Upright (formerly Fund That Flip) better for real estate investors?
These two share an unusual model — both originate fix-and-flip loans and let outside investors fund them as notes. Groundfloor is the more accessible entry point: a 600 credit floor and a retail-investor notes product make it friendlier to newer flippers and small-dollar backers. Upright sets a 640 floor but pushes higher leverage (up to ~85% of purchase) and is built around experienced flippers and accredited note investors. Choose Groundfloor if credit or accessibility is the constraint; choose Upright to maximize leverage once you have flips under your belt.
What loan types do Groundfloor and Upright (formerly Fund That Flip) both offer?
Both lenders offer Fix & Flip. Both offer 2 products.
Which has lower rates, Groundfloor or Upright (formerly Fund That Flip)?
Groundfloor advertises rates starting at 7.5% while Upright (formerly Fund That Flip) starts at 8.5%. Groundfloor has the lower starting rate, but actual rates depend on your credit score, LTV, property type, and loan product. Always get quotes from both lenders.
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