St. Louis is a city of brick two-family and four-family flats, and a lot of investor equity is sitting in them. The right cash-out lender lets the rent from those units do the qualifying.
In short: Our top pick for a DSCR cash-out refinance in St. Louis is LendingStreet. We qualify City and County rentals on the property's rent, with no W-2s or tax returns, and lend up to 75% LTV on a cash-out with 30-year terms. LLC borrowers are standard, the minimum credit score is 620, and loans start at $150,000 with no stated maximum. That fits the St. Louis pattern of buying a brick multi-family, renovating it, leasing it up and pulling equity out for the next one.
LendingStreet is built for investors who want to turn rental equity into their next down payment. A DSCR cash-out refinance in St. Louis is sized on what the property rents for, compared with the full monthly payment, so the file does not depend on your W-2s, tax returns or personal debt ratios.
The fit is strongest for owners of renovated South City two-families and four-families, County single-family rentals in places like Affton, Florissant and Kirkwood, and investors in St. Charles County who want equity out without selling. If your rehab is finished and the units are leased, the rent tells us most of what we need to know.
The next step is simple: get a quote with the form below, or call (877) 298-1001 and walk through the property with the team.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR cash-out refinance loan for investors in St. Louis, MO, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Most St. Louis rental owners weigh three kinds of lenders for a cash-out: a local bank or credit union, a short-term lender, and an investor-focused DSCR lender like LendingStreet. Each has a place. For a long-term rental refinance, here is how they usually line up.
Banks can be a good fit for borrowers with simple tax returns and a strong relationship, and short-term money is useful for a fast purchase or rehab. For pulling equity out of a stabilized St. Louis rental and holding it for years, a rent-based DSCR loan is usually the cleaner match.
| What investors need | LendingStreet | Typical local bank or credit union | Typical local hard money lender |
|---|---|---|---|
| How you qualify | On the property's rent; no W-2s or tax returns | Usually personal income, tax returns and debt-to-income | Mostly the deal; personal income less central |
| Cash-out leverage | Up to 75% LTV | Varies; often conservative on rentals | Varies; fees and terms vary |
| Loan term | 30-year terms available | Often shorter terms or balloons on portfolio loans | Usually short-term only |
| Borrowing in an LLC | Standard | Varies; may require personal borrowing | Usually allowed |
| Rent coverage test | 1.0x standard; sub-1.0 programs | Income-based instead | Not usually used |
| Growing past a few rentals | Each rental qualifies on its own rent; blanket loans for 5+ | Can tighten as personal debt grows | Not designed for long-term holds |
| Where they lend | All 50 states and DC | Usually its local footprint | Usually local |
The classic St. Louis cash-out is a solid brick building in South City: Tower Grove South, Bevo Mill, Dutchtown, Holly Hills and Southampton are full of two-family and four-family flats that investors bought, renovated and leased. Benton Park, Soulard and Shaw carry higher values.
In St. Louis County, single-family rentals are spread through Affton, Lemay, Florissant, Ferguson and the inner-ring suburbs, with higher-priced homes in Kirkwood and Webster Groves. Remember that the City of St. Louis is an independent city, separate from St. Louis County, so taxes and permits depend on which side of the line you are on.
Missouri assesses residential property at an assessment ratio of 19% of market value, and the local levy is applied to that assessed figure. Reassessment happens in odd-numbered years. Pull the parcel record from the City Assessor or the St. Louis County Assessor rather than relying on an old bill.
Missouri does not charge a state real estate transfer tax, and recording is billed mainly by the page, so closing costs on a refinance are driven more by title, appraisal and lender costs than by taxes. Insurance is the line to check: older brick buildings can have aging roofs, wiring and plumbing, and the region gets hail and severe storms. Confirm current tax and fee figures locally.
The City of St. Louis and many of the dozens of municipalities in St. Louis County run occupancy permit or inspection programs that can apply when a new tenant moves in. Rules differ from town to town, so check with the city or municipality that covers each address before you count on a unit being rentable.
For a cash-out, have each unit leased, permitted where required and rentable when the appraiser visits.
This example is illustrative and not a quote. An investor owns a renovated brick four-family in Bevo Mill that appraises at $360,000. Each unit leases for $900, so rent is $3,600 a month, and the current payoff is $150,000. At 75% LTV the new loan is $270,000, which returns about $120,000 before closing costs.
Estimated principal and interest is about $1,888. Adding $390 in monthly taxes and $260 in insurance, the full payment is about $2,538, and DSCR is about 1.42x.
| Item | 75% LTV cash-out |
|---|---|
| Appraised value | $360,000 |
| Cash-out LTV | 75% |
| New loan amount | $270,000 |
| Existing payoff | $150,000 |
| Cash out before closing costs | $120,000 |
| Estimated principal and interest | $1,888 |
| Property taxes (monthly) | $390 |
| Insurance (monthly) | $260 |
| Total monthly payment | $2,538 |
| Monthly rent | $3,600 |
| DSCR | About 1.42x |
Many St. Louis deals start with a short-term purchase loan on a vacant or dated building, a rehab, and then a cash-out refinance once the units are leased. How long you need to own the property first varies by program, so ask before you set your rehab schedule.
Our DSCR loans start at $150,000. On lower-priced single-family houses in North City or some inner-ring suburbs, a single property may not support that loan size at 75% LTV. Owners with five or more rentals can look at a blanket portfolio loan that refinances them together on one closing.
Before you pick a lender for a St. Louis cash-out, ask every one of them the same questions. The answers tell you more than a headline number.
Here is how LendingStreet answers: cash-out up to 75% LTV, lower on some 5-8 unit and larger-balance files and varying by program; a 1.0x standard minimum with sub-1.0 programs; seasoning that varies by program; LLC borrowers as standard; a timeline driven mostly by appraisal and title, so a complete file moves faster; and no stated maximum, with larger balances reviewed case by case.
Send the address, your estimate of value, the current payoff, the leases or market rents, the latest tax bill and an insurance quote. The team will run the ratio at a few loan amounts and come back with options. Tell us whether the property is in the City or the County, and include any occupancy permits. Get a quote with the form below, or call (877) 298-1001.
Our top pick is LendingStreet. We qualify St. Louis rentals on the property's rent rather than your tax returns, lend up to 75% LTV on a cash-out with 30-year terms, and make LLC borrowing standard.
Yes. LendingStreet lends in the City of St. Louis, St. Louis County, St. Charles County and across Missouri, as well as in all 50 states and DC.
Yes. Two- to four-family buildings qualify on the combined rent of all units. Buildings with 5-8 units are also handled as residential DSCR, though maximum LTV can be lower and varies by program.
Missouri applies the local levy to an assessed value set at an assessment ratio of 19% of market value. Use the current parcel record from the City or County Assessor, since a rehab can raise the next assessment.
It matters for taxes, permits and inspections, which are set locally. It does not change how we qualify the loan, which is on the property's rent.
Our loans start at $150,000, so a single low-priced house may not support the minimum at 75% LTV. Owners of five or more rentals can look at a blanket portfolio loan.
You can take a smaller cash-out to lift the ratio, or ask about sub-1.0 DSCR programs, which exist for some files.
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