What is a duplex, triplex, or quadplex?
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.
New Construction Loans Simplified
Best For:
- Luxury Product or Multi-Parcel
- Lowest Rates
- Maximum Leverage
- Flexible Closing Dates
- Full Appraisal
- 3rd Party Inspector Draws
- 24/7 Borrower Portal
- 70% AIV | 85% LTC | 70% ARV
- Rate: 9.875%
- Origination: 1.5%
Best For:
- Shovel-Ready Infill Projects
- Fast Closings
- Minimizing Cash at Close
- Competitive Rates and Leverage
- No 3rd Party Appraisal
- Self-Inspection Draw Funding
- 24/7 Access Borrower Portal
- 70% AIV | 85% LTC | 70% ARV
- Rate: 10.375%
- Origination: 1.5% Upfront or 2.5% at Payoff
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 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.
Hi and thanks for stopping by! I'm Katniss, Upright's proprietary AI agent. I'm here to help you learn more about our lending programs. I can also assist you with either submitting a loan application or help get you pre-approved for a line of credit. If you need something else, I can also get you pointed in the right direction! What brings you to our site today?