Upright (formerly Fund That Flip) Review
Founded 2014 · Cleveland, OH · Nationwide
3.9
Editor Rating
Upright (formerly Fund That Flip) offers fix-and-flip and bridge loans for real estate investors. Known for a technology-forward platform and competitive terms for experienced flippers.
Editor's Take
Upright (formerly Fund That Flip) offers higher leverage than most fix-and-flip lenders — up to 85% of purchase price, which means less cash out of pocket per deal. If you have 1-2 flips under your belt and want to stretch your capital across more deals, their higher LTV is a meaningful advantage. The no-prepayment-penalty policy adds flexibility.
— Bill Rice, 30+ year mortgage lending veteran
Upright (formerly Fund That Flip) Review: The Full Breakdown
Upright is the fix-and-flip lender that spent its first decade as Fund That Flip. Founder and CEO Matt Rodak launched the company in 2014 in Cleveland, Ohio, building a platform that does two things at once: it originates short-term loans to house flippers and redevelopers, and it lets accredited investors buy into those loans as passive-income notes. In 2022 it acquired the project-management software FlipperForce, and in September 2023 it rebranded the whole operation as Upright.
For a borrower, the draw is leverage and speed. Upright will go up to 85% of the purchase price with closings in roughly 10–14 days — useful when you're competing for a flip and need to move faster than a bank will. Rates run higher (roughly 8.5%–12%) than long-term rental financing, which is normal for short-term fix-and-flip money, and there's no prepayment penalty, so paying the loan off the day you sell costs you nothing extra.
It's a better fit for investors with at least a deal or two behind them than for a first-timer — the platform is built around experienced flippers, and the financing tops out at 1–4 unit residential. Confirm Upright's current NMLS registration and check its Better Business Bureau profile before applying, and know that you may still see "Fund That Flip" in older reviews and search results.
Pros & Cons
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
Loan Products Offered
Eligible Property Types
Best For
Upright (formerly Fund That Flip) Review: Frequently Asked Questions
Is Upright (formerly Fund That Flip) a legitimate lender?
Upright (formerly Fund That Flip) is an established lender founded in 2014 and headquartered in Cleveland, OH. It lends nationwide and specializes in fix-and-flip loans and bridge loans. To verify it for yourself, confirm Upright (formerly Fund That Flip)'s current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.
What are the pros and cons of Upright (formerly Fund That Flip)?
Pros: High LTV (up to 85% of purchase); Fast closings (10–14 days); No prepayment penalties. Cons: Requires at least 1-2 completed deals; Higher minimum rate than some competitors; Limited to 1-4 unit residential.
What credit score do you need for Upright (formerly Fund That Flip)?
Upright (formerly Fund That Flip)'s published minimum credit score is 640. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.
What rates and fees does Upright (formerly Fund That Flip) charge?
Upright (formerly Fund That Flip)'s rates run approximately 8.5%–12% with origination fees of 1.5–2.5 points, on loans from $100K to $3M (up to 85% LTV). All figures are approximate and subject to change — request a written quote for your scenario.
Can you close with Upright (formerly Fund That Flip) in an LLC?
Yes. Upright (formerly Fund That Flip) allows investors to take title in an LLC, which many use for liability protection and cleaner portfolio organization.
How fast can Upright (formerly Fund That Flip) close a loan?
Upright (formerly Fund That Flip) typically closes in 10–14 days, depending on the loan program, the property, and how quickly you provide documentation.
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. ProInvestorHub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.