How much cash can I take out?

Generally up to 75% of the appraised value, minus your existing loan payoff and closing costs. For example, on a $600,000 rental with a $180,000 balance, a 75% LTV loan of $450,000 could leave roughly $256,000 in cash after estimated costs.

How long do I need to own the property?

Seasoning can be as little as 3 months on title. If you bought the property with cash, delayed financing may let you recoup those funds right away.

Is cash-out money taxable?

Loan proceeds are generally not treated as taxable income, but every situation is different. Consult your tax advisor.

Cash-Out Refi

Cash-Out Refinance for Rental and Investment Properties

Cash-out refinance for rental and commercial properties. Pull equity up to 75% LTV with as little as 3 months of ownership, qualifying on property cash flow.

Cash-Out Refinance

Turn rental equity into your next down payment.

Pull tax-free cash from the equity in your rental or commercial properties. Qualify on the property’s cash flow, keep the asset, and redeploy capital into your next acquisition, renovation, or business.

Max LTV

75%

Seasoning

3–6 mo

Loan Size

$100K–$5M

Use of Funds

Any

Program terms

Loan amounts: $100,000 – $5,000,000
Cash-out LTV: Up to 75% (1–4 units)
Seasoning: As little as 3 months on title
Delayed financing: Recoup cash purchases right away
Terms: 30-yr fixed, 40-yr IO, ARMs
Portfolio / blanket: Multiple properties, one loan
Qualifying: DSCR or bank statement
Vesting: Individual or LLC

Qualifications

Minimum 660 FICO
Property owned 3+ months (or delayed-financing eligible)
Current rent roll / leases
No mortgage lates in the last 12 months
Reserves may be met with cash-out proceeds
Title held in borrower or borrower’s entity

FAQ

Cash-Out Refinance: common questions

Other programs

Explore more financing options

DSCR LoansQualify on the property’s rent — not your tax returns. Bank Statement LoansSelf-employed? Your deposits tell the real story. Home Equity Investment (HEI)Cash from your home equity — with no monthly payment. Commercial & MultifamilyFinancing for 5+ units, mixed-use and commercial assets.

Illustrative program parameters. Actual terms depend on credit, property, and market conditions and are subject to change.

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