How much cash can I take out of a rental?

Up to 75% of the appraised value, minus your existing payoff and closing costs. On a $500,000 rental with a $200,000 balance, that's roughly $375,000 of new loan, about $175,000 gross, and roughly $164,000 after 3% in costs.

Loan proceeds are borrowed money, not income. Talk to your CPA about how the new interest deduction and basis interact with your situation — we are not tax advisors.

What can I use the money for?

These are business-purpose loans, so the proceeds go to business use: your next down payment, a renovation, paying off higher-cost debt on your portfolio, or reserves. They cannot be used for a primary residence.

Does the property need to be leased?

A signed lease makes the file cleaner, but many programs will use the appraiser's market rent (Form 1007) on a vacant unit at slightly reduced leverage.

How long does a cash-out refinance take?

Typically a few weeks. The appraisal and title work in your entity are the long poles. If you're racing a hard money maturity date, tell us the date up front.

Is there a prepayment penalty?

Most DSCR programs carry a prepay structure (for example a step-down over several years) and pricing improves with a longer prepay. You can choose shorter prepay terms at a cost — we will show you both.

Cash-out refinance

Turn trapped equity into your next down payment

You own the rental. The equity is real but it's doing nothing. A DSCR cash-out refinance converts it to cash — underwritten on the property's rent, not your tax returns.

Up to 75% LTV on 1–4 units
No tax returns, W-2s or DTI calculation
Close in an LLC, LP or trust
30-year fixed or interest-only options
Short-term rentals and 5–10 unit properties eligible
Unlimited number of financed properties

See How Much Cash I Can Pull Talk to an investor loan officer

Rates from: [RATES FROM X.XX%] · Business-purpose loans for investment properties only. Not for owner-occupied properties. Not a commitment to lend.

75%

Max LTV

1.00+

Min DSCR (typical)

660+

Credit floor (typical)

75k+

Min loan amount

Close in your LLC

Entity vesting is standard here

No personal income docs

No tax returns, no W-2s, no DTI

1–4 units + 5–10 units

SFR, duplex, small multifamily

Short-term rentals OK

Airbnb / VRBO revenue counts

Portfolio & blanket loans

3+ doors on one loan

The math, plainly

Take the appraised value and multiply by your target LTV. Subtract what you owe. Subtract closing costs. What's left is what wires to you. The only underwriting question after that is whether the rent covers the new payment.

Example. A duplex appraises at $480,000. You owe $215,000. At 75% LTV the new loan is $360,000. After payoff you're looking at roughly $145,000 gross, less about 3% in costs. Rents of $1,750 per side against a PITIA in the mid-$2,000s puts DSCR comfortably above 1.25.

What we actually need from you

Property address, estimated value and current payoff
Current lease or your realistic market rent
Taxes, insurance and HOA figures
Entity documents if you're closing in an LLC
Two months of bank statements for reserves — not for income

No pay stubs. No 1040s. No K-1s. No employment verification. The property is the borrower's qualification.

Where deals get tight

Two things kill cash-out size: the appraisal coming in under your estimate, and taxes or insurance eating the DSCR. Florida and Texas files live and die on those two line items. If coverage is tight at a full amortizing payment, an interest-only structure usually solves it — the DSCR is calculated on the interest-only payment.

We do not do purchase loans and we do not do owner-occupied loans. If you plan to live in the property, this is the wrong product.

Run your numbers

Estimate your proceeds at 75% LTV, then check coverage in the full DSCR calculator.

Quick cash-out estimate

Estimated property value

Current loan balance

Max LTV75%

Most DSCR cash-out programs top out around 75%.

Estimated cash in your pocket

$117,375

New loan at 75% LTV: $337,500
Less current balance: − $210,000
Less est. closing costs (3%): − $10,125
Current LTV: 46.7%

See How Much Cash I Can Pull

Estimate only, based on the numbers you entered. Actual proceeds depend on appraised value, DSCR, credit, and program guidelines. Not a commitment to lend.

Investor FAQ

Find out what your equity can do

Answer 12 quick questions about the property. About 60 seconds. No credit pull, no personal income docs.

See How Much Cash I Can Pull Call (555) 555-5555

Business-purpose loans for investment properties only. Not for owner-occupied properties. Not a commitment to lend.