DSCR cash-out refinance, on the rent, not your tax returns.
Turn a rental’s equity into the next down payment, without waiting: you can cash out right after you buy. The loan is qualified on the property’s rent, up to 80% of its appraised value, with no tax returns or W-2s, and the prepayment and closing-cost options our purchase loans carry.
How much cash comes out.
Example figures, not a quote. The rent must still cover the new payment; the DSCR is worked out on the full payment with taxes, insurance and HOA.
Cash-out terms, in plain words.
| Term | What we offer | What it means |
|---|---|---|
| Cash-out | Up to 80% LTV | Of the appraised value, before the payoff of the loans on it. |
| How you qualify | The property’s rent | Rent ÷ the full monthly payment. No tax returns, no W-2s. |
| Structure | 30-year fixed · ARM · interest-only | Interest-only keeps the payment, and the DSCR, where the rent is tight. |
| Prepayment | 5-1-1-1-1 · 1-1-1-1-1 · none | Refinance again in year two for 1%, not the industry’s 4%. Compare the options. |
| Closing costs | $0 options | Broker fee $0, origination $0, and third-party costs can be covered. Ask us for details on your deal. |
| Borrower | LLC-friendly | Most investors hold rentals in an LLC; a personal guaranty is standard on business-purpose loans. |
| Waiting period after you buy | None | Refinance and take cash out as soon as you own the property, so the next deal does not wait. |
| Seasoning and rent type | Can lower the maximum | How long you have owned it and how it is rented are part of the terms. |
A cash-out is priced to the scenario: credit, LTV, DSCR, loan size, prepayment structure and state.
DSCR cash-out questions
What is a DSCR cash-out refinance?
A refinance of a rental that pays off the loans on it and hands you the rest, qualified on the property’s rent instead of your income. Up to 80% of the appraised value.
How much cash can I take out of a rental?
Up to 80% of the appraised value, minus what is owed on it and the costs of the new loan — provided the rent covers the new payment.
Do I need tax returns for a cash-out refinance?
No. It is qualified on the property’s rent; bank statements are used only to show reserves.
Can I do a cash-out refinance on a property in an LLC?
Yes. Most investors hold their rentals in an LLC.
How soon after buying can I take cash out?
Right away. We have no waiting period: you can refinance and take cash out as soon as you own the property. How long you have owned it and what you paid are still part of how the loan is sized, so tell us the purchase date and price.
Do I have to wait six months for a cash-out refinance?
Not with us. Six months is a common rule at other lenders and on agency loans. Our DSCR cash-out has no waiting period.
Will the loan be based on the appraised value or on what I paid?
The appraisal sets today’s value. Soon after a purchase, what you paid and what you can document spending on the work are read alongside it. Send us both and we tell you the loan amount before you commit.
What is delayed financing?
The agencies’ name for taking cash out of a property soon after buying it with cash, on a conventional loan, limited to what you put in. A DSCR cash-out with us needs no waiting period and is qualified on the rent.
Can I pay off my hard money loan and take cash out in one refinance?
Yes. The new loan pays off the loan on the property and the rest comes to you. That is the last step of the BRRRR method.
Is there a prepayment penalty?
You choose: 5-1-1-1-1, a flat 1%, or none. See what each costs.
Can I use the cash to buy another rental?
Yes — that is what most investors do with it, often with a DSCR purchase loan from us.
Equity sitting in a rental? Send us the address.
The value, what is owed and the rent — we’ll send back how much comes out and the prepay options.
*For business-purpose loans on non-owner-occupied investment property only. Not available for personal, family or household purposes. All loans subject to credit approval, underwriting and property eligibility. Rates, leverage and terms are indicative, change without notice, and not all borrowers will qualify; not a commitment to lend. YS Capital Group · NMLS ID 2609746 · Equal Housing Lender.