Equity out, qualified on rent.
An investment property cash-out refinance pays off the existing mortgage on a rental and wires you the difference between the new loan and the payoff, less costs. On a DSCR program the new loan qualifies on the property’s rent coverage — the lender-accepted rent divided by the new payment — rather than on personal income, so tax returns, W-2s and employment verification never enter the file.
Four figures decide the deal: what the property appraises for, what is owed, what the program allows against the value on a cash-out transaction, and whether the rent covers the new payment at the program’s floor. Properties owned past the seasoning period use appraised value; newer acquisitions may be limited to cost plus documented improvements until they season.
Three paths through cash-out financing.
Pull equity from a seasoned rental, recover cash on a recent purchase, or refinance a short-term rental on its own income — each built for a different moment in portfolio building.
DSCR Cash-Out Refinance
Replace the loan on a seasoned rental with a larger one and take the difference at closing. Leverage from the current cash-out cell, qualified on rent coverage, closed in your LLC.
Delayed Financing
Bought with cash or hard money? Delayed financing returns the purchase capital soon after closing so the next deal is not waiting on seasoning.
Short-Term Rental Cash-Out
Refinance a vacation rental on its documented short-term income or a market short-term rent analysis, subject to the program’s STR rules and leverage limits.
Cash-out is how portfolios compound.
Most brokerages treat an investor cash-out as a refinance with a complication. For us it is the core move in the investor playbook: pull equity out of a stabilized rental, keep the property, and redeploy the proceeds into the next acquisition — without a tax return in the stack.
That focus shows in execution. Cash-out structured to recycle into the next deal. Seasoning and delayed-financing paths mapped before the appraisal is ordered. Entity vesting handled in every market we serve. One licensed loan officer from the scenario review to the wire.
Recycle equity without the W-2 ceiling.
Know before you borrow.
Cash-out underwriting guides, seasoning and delayed-financing explainers, and portfolio-scaling strategies from our licensed loan officers.
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Tools to move from reading to action.
DSCR calculator
Model the cash-out: current value, payoff, proposed new loan and rent — the coverage ratio on the new payment and the proceeds before costs.
Calculate Tool TwoGet pre-approved
Start your cash-out pre-approval in under 30 seconds. A Lendmire investor specialist will follow up to match the right wholesale program.
Start Tool ThreeBrowse programs
See every loan program Lendmire offers — from DSCR to bank statement to hard money — and find the right fit for your next deal.
BrowseCheck your cash-out options in about 30 seconds.
Review the equity available on your rental and the leverage the current program allows. No commitment required.
Get A QuoteCash-out refinance guides, state by state.
Investor cash-out financing across 40 markets. Equity positions, leverage cells and market analysis for each state we serve.
- Investment Property Cash-Out Refinance in Alabama
- Investment Property Cash-Out Refinance in Alaska
- Investment Property Cash-Out Refinance in Arkansas
- Investment Property Cash-Out Refinance in California
- Investment Property Cash-Out Refinance in Colorado
- Investment Property Cash-Out Refinance in Connecticut
- Investment Property Cash-Out Refinance in Delaware
- Investment Property Cash-Out Refinance in Florida
- Investment Property Cash-Out Refinance in Georgia
- Investment Property Cash-Out Refinance in Hawaii
- Investment Property Cash-Out Refinance in Illinois
- Investment Property Cash-Out Refinance in Indiana
- Investment Property Cash-Out Refinance in Iowa
- Investment Property Cash-Out Refinance in Kansas
- Investment Property Cash-Out Refinance in Kentucky
- Investment Property Cash-Out Refinance in Louisiana
- Investment Property Cash-Out Refinance in Maine
- Investment Property Cash-Out Refinance in Maryland
- Investment Property Cash-Out Refinance in Massachusetts
- Investment Property Cash-Out Refinance in Michigan
- Investment Property Cash-Out Refinance in Mississippi
- Investment Property Cash-Out Refinance in Missouri
- Investment Property Cash-Out Refinance in Montana
- Investment Property Cash-Out Refinance in Nebraska
- Investment Property Cash-Out Refinance in New Hampshire
- Investment Property Cash-Out Refinance in New Jersey
- Investment Property Cash-Out Refinance in New Mexico
- Investment Property Cash-Out Refinance in North Carolina
- Investment Property Cash-Out Refinance in Ohio
- Investment Property Cash-Out Refinance in Oklahoma
- Investment Property Cash-Out Refinance in Pennsylvania
- Investment Property Cash-Out Refinance in Rhode Island
- Investment Property Cash-Out Refinance in South Carolina
- Investment Property Cash-Out Refinance in Tennessee
- Investment Property Cash-Out Refinance in Texas
- Investment Property Cash-Out Refinance in Virginia
- Investment Property Cash-Out Refinance in Washington
- Investment Property Cash-Out Refinance in West Virginia
- Investment Property Cash-Out Refinance in Wisconsin
- Investment Property Cash-Out Refinance in Wyoming
- Investment Property Cash-Out Refinance in Washington, D.C.