Specialty Financing
Investment Cash-Out Refinance
Put Your Property's Equity to Work.
Explore financing options to access available equity in qualifying rental, multifamily, and commercial properties for eligible business purposes.
Business-purpose financing
In plain words
A refinance of an investment property that lets you take out part of its equity for business purposes, such as buying more property or improving your investments.
Benefits
- Turn part of your property's equity into cash for business purposes, such as buying more property.
- Available for rental homes, 2 to 4 unit buildings and apartment buildings, and for mixed-use and commercial properties with some programs.
- Some programs let you count part of the cash you take out toward required reserves.
- Some programs have no waiting period after you buy the property.
Eligible property types
- Rental homes and 2 to 4 unit buildings.
- Apartment buildings.
- Mixed-use and commercial properties, with some programs.
Financing purposes
- Cash-out refinance of an investment property for business purposes.
General qualification considerations
- Cash-out is for business purposes. Loans used mainly for personal, family or household purposes are consumer loans and are not part of this center.
- Cash-out usually has stricter requirements than a purchase or a rate and term refinance.
- Lenders may limit how much cash you can receive at closing.
- Lenders ask when you bought the property, what you paid, and whether it was recently listed for sale.
- For a rented property, lenders usually want the current lease and proof of rent payments. Some programs do not allow a refinance of a vacant property.
- Some programs let you count part of the cash you take out toward required reserves.
Basic documentation checklist
Do not send documents through the inquiry form. After we talk, our team explains how to share them securely.
- Current mortgage statement for each loan on the property.
- Current leases and proof of rent payments.
- Property tax bill, insurance information and HOA details, if any.
- Entity documents, if a company owns the property.
- Photo ID and a list of other properties you own.
Frequently Asked Questions
What can I use the cash for?
Business purposes, such as buying more investment property or improving properties you hold. Cash for personal or household use is a consumer loan and is not part of this center.
Is there a limit on how much cash I can take out?
Yes. Lenders limit cash-out based on the property's value and may cap the cash you receive at closing. We review this with you.
Do I have to wait after buying the property?
It depends on the program. Some programs have no waiting period; others look at how long you have owned the property.
Can I refinance a property that is vacant?
Some programs do not allow a refinance of a vacant property. Tell us the property's rental status.
Learn More
Related programs and tools to help you prepare.
Request financing for this program
Send a short inquiry with the basics about your property. Our team will review it and contact you to discuss available options.
Financing disclosure
Plan A Realty Corp. facilitates business-purpose investment and commercial real estate financing. All programs are subject to lender availability, underwriting requirements, borrower and property eligibility, and applicable laws. Submission of an inquiry does not constitute loan approval or a commitment to lend.
Investment and business-purpose properties only. Homes you or your family will live in are not part of this financing center.
Contact Plan A Realty Corp.
- Call or text 516-777-0385
- Email info@planarealty.com
- Office 461 Maple Avenue, Westbury, NY 11590