Commercial cash-out refinance
Your building has equity. A cash-out refinance turns some of it into capital for your next purchase, a renovation, or your business, while replacing the current loan.
At a glance
| Common uses | Next acquisition, capital improvements, business expansion, buying out a partner, paying down higher-cost debt |
|---|---|
| How much | Depends on value, income, property type and documentation. We'll size it after a short review |
| Seasoning | Many programs require a minimum ownership period before cash-out at full appraised value |
| Documentation | Full documentation, bank statement, or no-doc / DSCR |
| Where | Nationwide, subject to state law |
Tell us how you'll use the funds
Lenders look closely at use of proceeds. A clear plan (for example, a down payment on a named property or a renovation budget) makes underwriting easier and can help with terms.
What we'll ask for
- Current mortgage statement and payoff estimate
- Rent roll and trailing 12-month operating statement
- Purchase date and price, and any improvements since
- Two years of returns, or bank statements, depending on doc type
No rates are quoted on this site. Terms depend on the property or business, documentation option, experience and market conditions. We'll give you real numbers after reviewing your application.
Questions about cash-out refi loans
How much cash can I take out of a commercial property?
It depends on the appraised value, the property's net operating income, the property type and the documentation option. We size it after reviewing your numbers instead of quoting a blanket percentage.
How long do I have to own the property first?
Many programs want six to twelve months of ownership before using the full appraised value. If you've owned it for less time, tell us what you paid and what you've put into it.
Can cash-out proceeds be used for my business?
Generally yes for business-purpose loans. Tell us the planned use in the application so we match the right program.
Other programs
Tell us about your project.
About 15 minutes. No Social Security number or bank account numbers. Saves as you go.