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What do I "own" when I invest with Upright?
What do I "own" when I invest with Upright?
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Written by Upright
Updated over a week ago

When you invest in a project on the Upright Platform you are investing in a Borrower Dependent Note (BDN).

The performance of the BDN correlates directly with the performance of a note that Upright invests in with the developer of the residential real estate project you've chosen (i.e., on-time interest payments, regular progress on construction, etc.)

The underlying note is typically a first-position mortgage or similar security. While the note you purchase is unsecured, the terms of your note give you rights to the proceeds generated from the underlying note that is securing the real estate โ€” hence the name "Borrower Dependent."

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