Can I obtain a DSCR cash-out refinance?

Yes, cash-out refinancing is one of the most common uses of a DSCR loan. If your rental has appreciated or the balance has been paid down, you may be able to convert part of that equity into cash for the next acquisition, renovations, or reserves. The new loan still qualifies on the property's rental income, so personal tax returns typically stay out of the file. Lenders generally hold cash-out transactions to somewhat more conservative leverage than purchases, and many consider how long you have owned the property, depending on the program. Proceeds are documented as business-purpose funds. Scenarios and structuring details live on our DSCR cash-out refinance page.