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Rental, apartment, and commercial

Cash Out
Refinance.

Take cash out of a rental, apartment, or commercial property you already own.

Single familyMultifamilyMixed useRetailOfficeSelf storageLight industrialDaycareAnd more
Get a QuoteSee typical terms
Program Snapshot
$300K
Min loan
$30M
Max loan
1 to 300+
Units
30 yr
Fixed term
75%
Maximum LTV
Program Overview

Take Cash Out of
What You Own.

If you own more than one type of property, you can still work with one team. A duplex, a 48 unit building, a retail strip, or a mixed-use corner. Loans typically run from $300K to $30M, on anything from a single rental to buildings with 300 units or more.

Use the cash for another purchase, paying down other debt, finishing rehab, or other business and investment needs.

Typical terms

What you can typically borrow

These are typical ranges, not a quote. Your rate and loan amount depend on the property, your credit, and where it sits.

Loan amount
$300,000 to $30,000,000Houses, apartments, and commercial buildings
Eligible units
1 to 300+Single family through large multifamily and commercial
Property types
7+ property typesSingle family, multifamily, mixed use, retail, office, self storage, light industrial, daycare, and more
Maximum LTV
Up to 75%75% on single family, multifamily, and commercial including office, warehouse, self storage, and automotive
Loan term
30 year maximum5, 7, and 10 year fixed options available
Prepayment
None to 5/4/3/2/1 step-downNo prepayment penalty on select loans
Property seasoning
Short seasoning availableNo 6 month wait on select loans
Use of proceeds
Business and investment useYour next purchase, debt paydown, renovations, and reserves
Minimum DSCR
0.90x to 1.25xDepends on loan amount and property type
Interest-only
AvailableUp to the full term on select apartment loans
Paperwork
No tax returns, in many casesWe qualify on the property, not your personal income
Liquidity
None requiredNo post close liquidity verification on most cash out loans
Minimum FICO
650You can qualify at 650. The lowest rates usually start at 750 FICO
Eligible borrowers
US citizens, permanent residentsForeign nationals on adjusted matrix
Eligible entities
LLC, LP, S Corp, C Corp, TrustPersonal guaranty required
Recourse
Full recourse typicalLimited recourse considered case by case
Looking to pull cash out?
Share the property and we'll come back with how much you can take out and the structure that fits.
Get a Quote
Property types

Property types we like

Cash Out Refinance covers income property you actually own, from a single rental through apartments, daycare, and other commercial buildings.

Waterfront vacation home with palm trees and a private dock.
Single Family

Cash out on stabilized single family rentals, including recent acquisitions with as little as 1 day of seasoning. Up to 75% LTV.

Two-story brick apartment building with exterior stairs and balconies.
Multifamily

Duplexes through large apartment communities. Stabilized apartment buildings can take cash out on a 30 year amortization or interest-only, up to 75% LTV.

Low-rise professional office building.
Office

Single tenant and multi tenant office buildings on stabilized leases with investment grade or local tenant profiles. Up to 75% LTV.

Retail center with Aspen Dental and Visionworks storefronts.
Retail

Strip centers, standalone retail, and neighborhood commercial with stabilized tenant income.

Main street building with a storefront below and apartments above.
Mixed Use

Retail or office below with residential above, and other blended income assets common in urban markets.

Self storage facility with drive-up units.
Self Storage

Stabilized self storage facilities with consistent occupancy and recurring rental income. Up to 75% LTV.

Light industrial warehouse with vans parked along the front.
Light Industrial

Warehouse, flex, and light industrial assets with stabilized business or logistics tenants. Up to 75% LTV.

Childcare center with a fenced playground along a suburban road.
Daycare

Childcare and daycare facilities with stabilized lease or operating income.

Apartment buildings along a tree-lined street.
Portfolio Cash Out

Own residential, multifamily, and commercial assets? We cash out each property on its own loan, with one team handling your whole portfolio.

Medical office building set back from the street.
And More

Medical office, hospitality, automotive, and other special use income property on a case by case basis. Automotive and similar commercial types up to 75% LTV.

Not eligible: Owner occupied homes, agricultural property, mobile homes on leased land, working farms, raw land.
Not sure your property fits?
Send the address and we will tell you if cash out is a fit.
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Who this is for

When Cash Out Makes Sense

A few of the situations where a cash-out refinance does the most work.

1

Just stabilized a value add

Units leased, rents up, value up. You don't have to wait six months of ownership to take the equity out on select loans.

2

More cash out of an apartment building

On stabilized apartments, an interest-only loan can often support a larger loan on the same income, which means more cash at closing.

3

Funding the next acquisition

Use cash out proceeds for your next deal, debt paydown, or other business and investment needs. Not for personal expenses.

4

Pulling equity from a paid down asset

Properties owned for 5 to 10 years with significant equity. Refinance pulls out trapped capital at conservative LTVs.

Cash Out Questions

Frequently Asked

How fast can I cash out after acquiring a property?+
On select loans, as soon as the purchase has recorded. That matters when you've just stabilized a value add and want to take the equity out without waiting six months.
Do I need to provide tax returns?+
In most cases no. We qualify on the property's rent or income, not your personal tax returns. Full documentation is still available when it produces a better rate.
Do I need reserves or liquidity after closing?+
In most cases no. On most cash-out loans, there's no post-close liquidity requirement as long as the property stands on its own. Larger loans and lower DSCR deals may still carry a reserve requirement.
What is the maximum cash out LTV?+
Up to 75% LTV on single family, multifamily, and commercial cash out such as office, warehouse, self storage, and automotive. Stronger DSCR and credit profiles unlock the top tier; weaker profiles may cap lower.
Can I take cash out of an apartment building?+
Yes. Stabilized apartment buildings from 5 units to 300 and up can take cash out to 75% LTV, either on a 30 year amortization through Apartment DSCR or interest-only for more proceeds through Interest-Only Apartment Loans.
Can I use proceeds for anything?+
Yes, within business and investment use. Common uses include your next acquisition, renovation capital, paying down portfolio debt, or reserves for future deals. Proceeds cannot be used for personal expenses.
What asset types are eligible?+
Single family, multifamily, mixed use, retail, office, self storage, light industrial, daycare, and more on stabilized investment property. Each property is matched to the program that fits it best.
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Need to Pull Equity?

Get a quote as soon as today.

Step 1 of 5

What are you looking to do?

Other programs

Apartment DSCR

Long-term financing on stabilized apartment buildings.

Interest-Only Apartment Loans

Interest-only for the full term, for more cash out.

Commercial DSCR

Retail, office, mixed use, and net lease.