# High-Yield Individual Project Notes

Take control of your investing goals and diversify with short-term, high-yield individual project notes and a minimum investment of $5,000.

- Up to 12% returns
- Choose how you diversify: Developers, regions, types of projects
- Short-duration, asset backed
- Fixed interest and maturity dates
- Loan diligence and origination by our analysts

## What are individual project notes?

On the Upright Loans side of the house, we underwrite and originate loans for residential real estate projects. Then, accredited investors purchase fractional shares of that debt as an investment to earn income. When you Invest with Upright or purchase a share in a real estate project, you’re investing in an individual project note.

We use the proceeds from these notes to fund the mortgage note for the real estate project you invested in. The performance of a note is directly correlated with the performance of the underlying loan (e.g. on-time interest payments).

The Individual Project Note is a promissory note that entitles the investor to a fixed interest rate and principal repayment once the individual loan reaches maturity. Individual project notes may earn interest from the day funds clear escrow with earned income paid monthly.

## Investment Examples

### Bridge Loan • New Construction

**Location:** Dallas, TX  
**Description:** Single-family home with 4 bedrooms and 2 full baths in Dallas, TX. ARV per Upright internal valuation is $370,000. The developers have a track record of residential rehabs, wholesaling, and realtor experience in this market.

- **Offering:** $245,000  
- **APR:** 11.5%  
- **ARV:** 66.20%  
- **Term:** 9m  
- **Status:** 99% Funded, 93% Completed, Repeat Borrower

### Bridge Loan • New Construction  
**Location:** Durham, NC
**Description:** This fix-and-flip project with 4 bedrooms in Durham, NC, was funded with a short-term residential rehab loan by private money lender Upright.

- **Offering:** $315,000  
- **APR:** 11.5%  
- **ARV:** 51.10%  
- **Term:** 6m  
- **Status:** 99% Funded, 93% Completed, Repeat Borrower

### Bridge Loan • New Construction  
**Location:** Durham, NC  
**Description:** Single-family home with 2 bedrooms, 2 full baths, and 1 half bath in Durham, NC. ARV per Upright internal valuation is $345,000. The developer has a 750+ credit score, and a track record of fix & flips, new construction, and contracting work in this market.

- **Offering:** $199,000  
- **APR:** 11.5%  
- **ARV:** 57.70%  
- **Term:** 12m  
- **Status:** 99% Funded, 93% Completed, Repeat Borrower

## Why Invest in Real Estate?

There are plenty of ways to earn passive income. And like any investment, real estate comes with risk, pros, and cons. But in the last two decades, only returns from investing in private real estate have performed better than equities on a risk-adjusted and absolute basis.

- **Protection against inflation**  
- **Better historical performance than equities**  
- **Passive income opportunities**  
- **Diversification due to lower correlation to public markets**

## Why Invest with Upright?

- **Attractive Risk-Adjusted Returns:** Since 2014, Upright investors have earned an average annualized return of more than 10%. We've returned over $1B in interest and repaid principal on underlying loans that typically repay in less than 12 months.
- **Strict Underwriting Criteria:** Every project submitted for funding is underwritten by an experienced staff with decades of experience specializing in this asset class.
- **Downside Protection:** Every loan we fund is secured with a first-position mortgage that’s secured by a real asset — the property.
- **Transparency:** We’re dedicated to industry-leading transparency in everything we do, from the information we share on our platform to the monthly and quarterly updates we post regularly.

## Frequently Asked Questions

**How will I know the status of my investment?**  
We regularly update the individual deal descriptions as the project progresses.

**When do I get paid?**  
Interest and principal payments are disbursed after corresponding payments are received on the underlying loan associated with your BDN.

**Is my investment secure?**  
There is risk inherent with any investment. Be sure to read the Private Placement Memorandum and other investment documents related to your investment.

**Can I sell my investment?**  
No. We currently do not offer a secondary market for selling purchased notes.

**What is passive real estate investing?**  
Passive real estate investing is what our lenders do: They invest money into an asset with the expectation of generating income.

**What is an accredited investor?**  
Accredited investors must meet specific criteria regarding their net worth or income.