Cash-Out Refi DSCR
Pull equity from performing rentals using the property's income, not yours. Use proceeds for additional acquisitions, renovations, or business reserves.
Leverage
Maximum LTV for cash-out varies by lender and program and is often lower than for a purchase. Credit is one factor; requirements vary by lender and program.
Use of proceeds
Business purpose only — new acquisitions, property improvements, debt consolidation for investment portfolio.
Seasoning
Many lenders require 6-12 months ownership. Some allow delayed financing for recent purchases.
Common scenarios
- Investor who bought 18 months ago wants to pull 65% equity for two more SFR purchases
- STR operator who wants to improve two properties and add a third
- Landlord with paid-down portfolio looking to recycle capital without selling