Refinance Loan
Investment property cash-out refinance — rental property financing from Lendmire
Loan Program

Turn rental equity into your next acquisition.

A DSCR cash-out refinance replaces the loan on a rental property with a larger one and returns the difference at closing — qualified on the property’s rent, not your tax returns. Leverage set by the current DSCR cash-out cell, LLC vesting, interest-only options, and short-term rental programs across 40 markets.

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The Fundamentals

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.

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Program Options

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.

Most Popular

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.

Recent Purchase

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.

Airbnb & VRBO

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.

DSCR cash-out programs are non-QM, business-purpose products. Guidelines vary by lender, loan amount, credit tier, seasoning and property type. Figures on this page are wholesale program parameters, not offers. Lendmire LLC, NMLS# 2371349, is a mortgage broker and never the lender.
Why Lendmire

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.

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Program Highlights

Recycle equity without the W-2 ceiling.

No Income Docs
No tax returns, no W-2s, no employment verification. The rental’s cash flow qualifies the new loan — not your paystubs.
Up to $10M
Standard DSCR loans to $3,000,000. Super jumbo DSCR carries the ladder to $6,000,000 and considers balances to $10,000,000 on review.
LLC Vesting
Close in your LLC, corporation, or partnership — without forcing title into your personal name — with a personal guarantee from the principals.
Proceeds as Reserves
On many programs the cash-out proceeds themselves satisfy the reserve requirement, verified after the payoff and closing costs.
Also Consider

Programs worth comparing.

If a cash-out refinance isn’t the right structure — or you want to keep the existing first mortgage — these programs cover the alternatives.

Keep the First Lien

Investment Property HELOC

Already own the rental and want revolving access to equity without refinancing the first mortgage? An investment property HELOC sits behind it as a second lien.

View Program →
Buy the Next One

DSCR Investor Loan

Purchase or rate-and-term financing qualified on rent coverage — single-family through 2–4 units and short-term rentals — for the acquisition the proceeds fund.

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Larger Balances

Super Jumbo DSCR

For rentals above the standard ceiling: the super jumbo DSCR ladder to $6,000,000 and balances to $10,000,000 on review, purchase or rate-and-term.

View Program →
Learning Center

Know before you borrow.

Cash-out underwriting guides, seasoning and delayed-financing explainers, and portfolio-scaling strategies from our licensed loan officers.

Take the Next Step

Tools to move from reading to action.

Tool One

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 Two

Get 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 Three

Browse programs

See every loan program Lendmire offers — from DSCR to bank statement to hard money — and find the right fit for your next deal.

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Get Started

Check 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.

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Available In 40 Markets

Cash-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.