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Loan Extensions

If your timeline shifts, you may be eligible for an extension. Here’s the standard structure, what we review, and how to request one through your portal.

Project timelines change. From permits, materials, & contractor schedules to listing timing or refinance windows, we understand. If you need more runway, Upright Lending may offer an extension depending on eligibility and the status of your loan.

Standard extension structure

  • 3-month extension

  • Fee: typically 1% of the gross loan amount

  • Fees may increase for subsequent extensions and/or if fees are deferred to payoff (depending on structure and circumstances)

How to request an extension

  1. Submit your extension request through your borrower portal

  2. We review eligibility and project status

  3. If approved, we send an extension agreement for signature

  4. Extension-related payment is made through servicing (FCI) per the instructions provided

What we typically review

  • Taxes are current

  • Insurance is current and covers the extension period

  • Payments are current and the loan is in good standing

  • Your plan to exit (sale, refinance, stabilization strategy)

  • Proof of progress toward the exit

  • Reason for the delay (when relevant)

Timing tip

Request extensions early. Waiting until the last minute can create avoidable pressure and limit options. Remember that we cannot accept payments if the loan is past maturity. Payment and maturity default can then impact your ability to obtain a clean Verification of Mortgage and subsequently be approved for a refinance.