Cash-Out Refinance
Release the equity the work created.
Refinance a property you already own and redeploy the capital into the next project.
What it is
A cash-out refinance replaces the existing debt on a property with a new loan for a larger amount, releasing the difference as capital. After a completed renovation, that difference is often the value the work itself created.
When it fits
A completed project you decide to hold
Instead of selling, you refinance, take capital out and keep the asset.
Equity sitting still
Value locked inside a property that is not doing anything for the portfolio.
The next deal already on the table
The opportunity is there and the capital for it is inside a property you already own.
Can I refinance after completing a renovation?
Yes. A cash-out refinance after a completed renovation can release the equity created by the work and redeploy it into the next project, or convert the property into a long-term rental.
What is a DSCR loan?
Financing for rental property underwritten primarily on the income the property generates rather than on the borrower's personal income. It is generally used to hold a property as a rental once it is stabilised.
What information do I need to submit a deal?
To start: the property address, the purchase price, the estimated renovation budget, the expected after-repair value and your exit strategy. Requirements can vary by product and by transaction, so we will tell you what else is needed once we have seen the deal.
Have a deal on the table?
Send us the property, the numbers and your exit strategy. We will come back with how it can be capitalised.