Loan purpose
Cash-out refinance, matched to your deal
A cash-out refinance replaces existing debt with a larger loan and returns the difference to the owner in cash, turning equity that has built up in a property into capital that can be deployed elsewhere. It is used to recycle proceeds into the next acquisition, to fund improvements, or to buy out a partner, and lenders vary considerably on seasoning, on how they document the use of proceeds and on how they treat a property that was recently repositioned.
- 5,000+loan programs screened
- 5–8matches on a typical deal
- $0 upfrontto submit and compare offers
- 0.50–1.00%broker fee, paid only at closing
Who is a cash-out refinance actually for?
Owners of stabilised property with real equity, who want that equity working rather than sitting still. It is the standard exit from a value-add cycle: buy, improve, stabilise the income, then refinance and pull the invested capital back out to repeat. It also covers partner buyouts and recapitalisations, where the ownership structure changes but the asset does not.
If the property is owned outright with no debt to replace, the same request is usually written as a cash-out against a free and clear asset, which is a slightly different underwrite even though the outcome for the owner is the same.
What do cash-out lenders disagree about?
Seasoning is the big one: how long the current owner must have held the asset, and whether a recent purchase or renovation resets that clock. Programs also differ on how they value a property that has just been repositioned, on how much scrutiny they apply to the intended use of proceeds, and on prepayment structure. A file that one desk treats as a routine refinance can read to another as a transaction that has not settled yet.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 5,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is $0 upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- Current income and how durably it supports the larger payment
- How long the asset has been held, and what changed during that time
- The stated use of proceeds
- The entity, the guarantee structure and the existing lender payoff
Frequently Asked Questions
How is a cash-out refinance different from a rate and term refinance?
A rate and term refinance replaces the existing balance on better terms and returns no cash. A cash-out refinance is written larger than the payoff so the owner receives the difference, which lenders underwrite more conservatively.
Can I refinance a property I own free and clear?
Yes. With no debt to replace, the request is a cash-out against an unencumbered asset. Some programs price it separately from a standard refinance, so it is worth having several look at it.
How soon after buying can I take cash out?
That depends entirely on the program seasoning rule, and those rules genuinely differ. Some measure from the purchase date, others from the point the income stabilised. It is one of the main reasons to compare programs rather than assume.
Does it matter what I use the money for?
To many lenders, yes. A stated use tied to another property or to improvements reads differently from an unspecified withdrawal, and some programs ask for the intended use in writing.
Can I take cash out of a property I just renovated?
Often, though this is where seasoning and valuation questions bite hardest, because the lender is being asked to lend against value that was created very recently. Programs vary widely on how they treat it.
Can a cash-out refinance fund a partner buyout?
Yes, and it is a common reason for one. Lenders will want to see the ownership change documented and will underwrite the remaining sponsor as the borrower going forward.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs $0 upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Next step
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.