Unlock equity from your investment properties to fund new acquisitions, renovations, or portfolio expansion. Up to 75% LTV with flexible terms.
A cash-out refinance allows real estate investors to tap into the equity they have built in an investment property by replacing the existing mortgage with a new, larger loan and receiving the difference in cash. This is one of the most powerful tools in an investor's arsenal for recycling capital, funding new acquisitions, or consolidating debt without selling assets.
Through LendingLeaders, cash-out refinancing is designed for investors who want to keep their properties working while freeing up capital for the next opportunity. Whether you have paid down a mortgage over time, completed a value-add renovation, or simply own a property that has appreciated, a cash-out refinance converts that trapped equity into deployable capital. With loan amounts from $100,000 to $5,000,000 and up to 75% LTV, our program gives you the liquidity to grow without liquidating.
| Term | Details |
|---|---|
| Loan Amount | $100,000 - $5,000,000 |
| LTV | Up to 75% of current appraised value |
| Interest Rate | Competitive, based on credit, LTV, and loan size |
| Loan Terms | Short-term (12-24 months) and long-term (30-year) options |
| Minimum FICO | 640+ (varies by program) |
| Income Verification | Not required for DSCR-based programs |
| Property Types | Single-family, 2-4 unit, condo, townhome |
| Occupancy | Non-owner-occupied (investment only) |
| Vesting | Individual or entity (LLC, Corp, Trust) |
| Cash-Out Use | No restrictions on use of proceeds |
| Geographic Coverage | 46+ states |
Cash-out refinancing is a strategic tool for investors in these situations:
Estimate the current market value of your investment property and subtract any existing mortgage balance. The difference is your equity. With a cash-out refinance at 75% LTV, you can access up to 75% of the appraised value minus your current loan balance.
Example: Property worth $400,000 with $150,000 owed. At 75% LTV, the new loan is $300,000. After paying off the existing $150,000 mortgage, you receive $150,000 in cash (minus closing costs).
Submit your application at LendingLeaders.com/apply. Provide the property address, estimated value, current loan balance (if any), and your desired cash-out amount. For DSCR-based cash-out programs, no income documentation is needed.
We order a full appraisal to establish current market value. Underwriting evaluates the LTV, your credit profile, and for DSCR programs, the property's rental income relative to the proposed payment. The streamlined process focuses on the asset, not your personal financials.
Once approved, closing typically takes 21 to 30 days. Your existing loan (if any) is paid off, and the remaining proceeds are wired to you. You are free to use the cash for any purpose: new acquisitions, renovations, reserves, or debt payoff.
With fresh capital in hand, execute your growth strategy. Acquire new properties, fund rehab projects, build reserves, or pay down higher-cost debt. Your original property continues to generate rental income, now with a new loan in place.
Diana purchased a single-family rental five years ago for $220,000 with a $176,000 mortgage. The area has experienced strong appreciation, and the property now appraises for $365,000. Her mortgage balance is down to $158,000. She wants capital for two new acquisitions but does not want to sell this property, which produces $2,200 per month in rent.
LendingLeaders provided a cash-out refinance at 75% LTV ($273,750), paying off the existing $158,000 mortgage and putting $115,750 in Diana's pocket (before closing costs). She used $50,000 each as down payments on two new rental properties, continuing to grow her portfolio without selling a cash-flowing asset.
Anthony purchased a distressed fourplex for $280,000 and invested $120,000 in renovations. The property now appraises at $520,000 and generates $5,200 per month in total rent. He used a hard money loan for the purchase and rehab, and now needs to pay off that short-term debt and recover his invested capital.
Through LendingLeaders, Anthony obtained a DSCR cash-out refinance at 75% LTV ($390,000). After paying off his $360,000 hard money balance, he received $30,000 in cash and locked in a 30-year fixed-rate loan with a PITIA of $3,200 per month. The property cash flows $2,000 per month after debt service, and Anthony has recycled his capital for the next deal.
Linda inherited a rental property that is currently free and clear, with no mortgage. The property appraises at $310,000 and generates $2,100 per month in rent. Rather than letting this equity sit idle, she wants to leverage it to acquire two additional rental properties.
LendingLeaders provided a cash-out refinance at 75% LTV ($232,500). With no existing mortgage to pay off, the full amount went to Linda. She used the proceeds as down payments on two new properties, turning one cash-flowing asset into three. The original property still cash flows after debt service, and her portfolio income nearly tripled.
A cash-out refinance is not always the right move. Here is a framework for evaluating whether it fits your situation:
It makes sense when:
It may not make sense when:
The key question is always: will the return on deployed capital exceed the cost of the new debt? If yes, a cash-out refinance is a powerful tool. If no, you may be better off leaving the equity in place.
You can access up to 75% of the property's current appraised value, minus any existing mortgage balance. For example, a property worth $500,000 with a $200,000 mortgage could yield up to $175,000 in cash out ($500,000 x 75% = $375,000 minus $200,000 = $175,000).
No. Cash-out proceeds can be used for any purpose, including new property acquisitions, renovations on other properties, debt consolidation, business expenses, or building reserves.
For DSCR-based cash-out refinances, no. Qualification is based on the property's rental income relative to the new payment. For short-term bridge-style cash-out loans, qualification is asset-based. Neither requires W2s, tax returns, or pay stubs.
A cash-out refinance replaces your existing mortgage with a new, larger loan and gives you the difference in cash as a lump sum. A HELOC (home equity line of credit) is a revolving line against your equity. HELOCs on investment properties are rare and typically not available through private lenders. A cash-out refinance is the standard tool for accessing investment property equity.
Timing requirements vary by program. Standard cash-out refinance programs typically require a 6-month seasoning period (time since purchase). If you need to refinance sooner, see our No-Seasoning Cash-Out Refinance program, which is specifically designed for BRRRR investors who want to refinance immediately after completing renovations.
Yes. A larger loan means a higher monthly payment, which reduces your net cash flow. Run the numbers before proceeding to ensure the property still cash flows positively after the refinance, or that the return on your deployed capital exceeds the cost of the new debt.
Yes. Cash-out refinances through LendingLeaders can close in the name of an LLC, corporation, or trust. This provides asset protection and keeps financing aligned with your entity structure.
For DSCR-based cash-out programs, expect 21 to 30 days from application to closing. Short-term bridge-style cash-out loans can close in as few as 10 to 14 days. Having your property documentation and entity information ready at application accelerates the timeline.
Yes. Single-family homes, duplexes, triplexes, fourplexes, condos, and townhomes are all eligible. Multi-family properties with strong rental income often produce excellent DSCR ratios, which can support higher leverage and better terms.
Equity locked in a property is capital sitting on the sidelines. A cash-out refinance from LendingLeaders lets you convert that equity into fuel for portfolio growth, all without selling a single property.
Apply Now — Tell us about your property and how much equity you want to access. Get a term sheet within 24 hours and start deploying your capital where it works hardest.