Home › Kiavi vs. Competitors › Upright (Fund That Flip)
Kiavi vs. Upright (formerly Fund That Flip)
Upright (rebranded from Fund That Flip in 2023) pairs hard money lending with a passive-investor funding marketplace; Kiavi is a pure direct lender with institutional capital and bigger scale.
Side by side
| Kiavi | Upright (Fund That Flip) | |
|---|---|---|
| Best for | Investors who want the biggest, fastest direct lender | Experienced flippers in Upright's regional strongholds (Midwest/Northeast) |
| Fix-and-flip rates (typical) | ~7.75%–12% | ~9.99%+ |
| Max LTC / ARV | Up to 95% LTC / 80% ARV | Up to ~95% LTC / 70% ARV |
| Experience requirement | None — new investors eligible (pricing tiers by exits) | Generally requires prior completed flips |
| DSCR 30-year rental loans | Yes | Limited |
| Geographic coverage | ~49 states + DC (not UT) | ~30 states, strongest in Midwest/Northeast |
| Typical close speed | As fast as ~7–10 business days | ~7–14 days |
| New-customer offer | $350 cash after first closed loan via referral link | None advertised |
Typical terms as of late 2026; both lenders price per deal and change terms without notice.
Where Kiavi wins
Access and scale. Kiavi lends to first-time flippers, covers nearly every state, offers true 30-year DSCR takeout loans, and prices experienced borrowers aggressively because of its securitization-backed capital base.
Where Upright (Fund That Flip) wins
Relationship lending for proven flippers. Upright's regional teams know their Midwest/Northeast markets deeply and can move quickly for repeat borrowers with a track record.
Bottom line
Kiavi for national coverage, first-timers, and flip-to-rental strategies. Upright for experienced flippers already in its core markets who value a regional relationship.