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Loan Extensions

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

When You Need More Time

Project timelines change. From permits, materials, and 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)

Extension terms may vary for DSCR loans. Your branch team will confirm the specific structure and fee for your loan type.

How to Request an Extension

  1. Log in to your borrower portal at app.uprightlending.com and submit your extension request, or contact your branch team directly.
  2. We review eligibility and project status.
  3. If approved, we send an extension agreement for signature.
  4. Extension-related payment is made through your loan servicer, 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. We cannot accept monthly payments if the loan is past maturity. Payment and maturity default can then impact your ability to obtain a clean Verification of Mortgage (VOM) and subsequently be approved for a refinance. Starting the conversation 30 to 60 days before maturity gives everyone the most flexibility.