Put your equity to work
Cash-Out Refinance for Real Estate Investors
A cash-out refinance lets an investor replace a loan and take some equity out as cash. We broker business purpose cash-out loans in many states.
The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM
01 / Understand the loan
What to Know About Cash-Out Refinance for Investors
What will you do with the equity?
If a property has gone up in value or you have paid down the loan, you may have equity. A cash-out refinance replaces your current loan with a larger one and pays the difference to you.
Investors often use that cash for repairs, a down payment on another property, or reserves. The amount you can take out depends on the property value, your current loan, and the lender’s limits.
02 / See how it fits
Who It Helps
- Owners with equity in an investment property
- Investors who want funds for another purchase
- Owners who want to replace a short-term loan
- Investors who want to renovate a rental
What to Have Ready
Requirements differ by lender and program. These items often come up:
- A completed loan application and credit authorization
- Your current mortgage statement
- Lease or rent information for the property
- Entity papers if the property is in an LLC
- Information on a current valuation or appraisal
03 / Wherever your deal is
Cash-Out Refinance for Investors in Many States
We work with investors by phone and video, so you can book a call from wherever your property is. We can broker business purpose loans in the states below. Programs, terms, and availability depend on the lender and the state.
- Alabama
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Hawaii
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Mississippi
- Missouri
- Nebraska
- New Hampshire
- New Mexico
- New York
- Ohio
- Oklahoma
- Pennsylvania
- Rhode Island
- South Carolina
- Texas
- Vermont
- Washington
- West Virginia
- Wisconsin
- Wyoming
Investing in Los Angeles? See Cash-Out Refinance for Investors in Los Angeles or see where we work.
04 / A little clarity
Common Questions
How much cash can I take out?
It depends on the property’s value, your current balance, and the lender’s limits. We can walk through your numbers on a call.
Is a cash-out refinance for a home I live in?
This page is about investment property. Home loans are on our Home Loans page.
Will my payment go up?
It can, because the new loan is usually larger. Rates and terms vary by lender.
Can I use the cash for another deal?
Many investors do. Plan the use before you apply.
05 / Explore your options
Other Investor Loans
Know Who You’re Working With
The Funding Clinic is a mortgage broker. We arrange loans funded by third-party lenders. View our BBB business profile to learn more about our company. Read our Google reviews
Your next move starts here
Ready to talk about your deal?
Tell us about your deal. We will help you find the right loan.
The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM