After a decade of rising values, many Tampa Bay rentals have far more equity than debt. Recent storm seasons have also changed the insurance math, so a sound cash-out plan starts with a realistic premium.
In short: Our top pick for a DSCR cash-out refinance in Tampa is LendingStreet. We lend up to 75% LTV on 1-8 unit rentals, qualify on rent with no W-2s or tax returns, and size the loan on current Florida insurance and flood costs. LLC borrowers are standard, 30-year terms are available and loans start at $150,000. Get a quote with the form below or call (877) 298-1001.
Investors in Tampa choose LendingStreet because the loan is built around the rental, not the borrower's W-2. Our cash-out refinance turns equity in a 1-8 unit investment property into cash for the next deal.
It is a good fit for self-employed investors, LLC owners and anyone scaling a portfolio. Tell us about the property with the form below, or call (877) 298-1001.
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 Tampa, FL, 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. |
Here is how LendingStreet lines up against the lender types Tampa investors most often call when they want to pull equity from a rental.
Banks and private lenders can be good partners for other jobs. For a rent-qualified, long-term cash-out on an investment property, our program is built for the task.
| What matters on a cash-out | LendingStreet | Typical bank | Typical private individual lender |
|---|---|---|---|
| Income documents | None; the rent qualifies the loan | Usually full personal income review | Varies person to person |
| Max cash-out LTV | Up to 75% | Varies | Varies, often lower |
| Long-term option | Yes, 30-year terms available | Sometimes, often with balloons | Rarely; usually short notes |
| Rent below payment | Sub-1.0 DSCR programs exist | Not usually offered | Case by case |
| LLC borrower | Standard | Varies | Varies |
| Multi-state portfolio | All 50 states and DC | Usually its own market | Usually one market |
In Tampa, Seminole Heights, Tampa Heights, West Tampa, Sulphur Springs and the areas near USF have bungalows, block homes and small duplexes that investors bought before prices climbed. South Tampa and Westshore hold higher-value rentals.
Brandon, Riverview, Wesley Chapel, Land O' Lakes and Plant City have newer subdivision homes, often with HOA or CDD charges on the bill. Across the bay, St. Petersburg and Clearwater add older coastal homes and small multifamily.
Each county has its own tax rates and flood maps, so the same rent can support very different loans.
Tampa's growth has been driven by job gains and people moving in from other states, which keeps long-term rental demand strong across Hillsborough and Pasco. Even so, insurance and flood costs differ a great deal from street to street, so two homes with the same rent can support different loan amounts.
Rentals in Florida do not get the homestead exemption. A capped assessment growth applies to non-homestead property, but the cap resets on sale, so use the bill on your rental.
Florida's documentary stamp tax on notes and intangible tax on new mortgages apply to a cash-out loan. Communities with a CDD add an annual assessment that counts in the payment. Ask your title company for exact figures.
The 2024 hurricane season brought surge and flooding to parts of the Tampa Bay area, and insurers have adjusted. Expect questions about roof age, prior claims and elevation, and get a quote early.
Homes near the bay, the Hillsborough River and low coastal areas of Pinellas are often in mapped flood zones. If the rental flooded, have repair records and permits ready, since the appraiser and insurer will ask.
This example is illustrative and not a quote. An investor owns a renovated three-bedroom bungalow in Seminole Heights, leased to a long-term tenant. The current loan balance is $210,000, the property appraises at $450,000 and the rent is $3,100 a month. Taxes are about $480 a month and insurance about $300.
At 75% LTV the new loan is $337,500. After the $210,000 payoff, that leaves about $127,500 before closing costs. Estimated principal and interest is about $2,360, so the full monthly payment is about $3,140 and the DSCR is about 0.99x.
At 70% LTV the loan is $315,000, cash out is about $105,000, the payment drops to about $2,983 and the DSCR rises to about 1.04x. At full leverage this file needs either a sub-1.0 DSCR program or a slightly smaller loan. Many Tampa investors take the 70% option, keep a cushion against the next insurance renewal and still pull six figures.
| Item | 75% LTV cash-out | 70% LTV cash-out |
|---|---|---|
| Appraised value | $450,000 | $450,000 |
| New loan amount | $337,500 | $315,000 |
| Existing loan paid off | $210,000 | $210,000 |
| Cash out before closing costs | $127,500 | $105,000 |
| Estimated principal and interest | $2,360 | $2,203 |
| Property taxes | $480 | $480 |
| Insurance | $300 | $300 |
| Total monthly payment | $3,140 | $2,983 |
| DSCR at $3,100 rent | About 0.99x | About 1.04x |
Seasoning rules decide whether a lender uses the new appraised value or your cost basis, and they vary by program. A recent BRRRR purchase may still work, with the loan sized on what you have into the deal.
Common uses in Tampa: buying the next rental, funding repairs elsewhere in the portfolio, retiring a hard money or bridge loan, or building reserves before the next purchase.
Use the same short list with every lender you talk to. The answers below are LendingStreet's.
Have your mortgage statement, lease, insurance quote and LLC documents ready, and we will size the loan around them. Use the form below for a quote, or call (877) 298-1001 to talk it through.
LendingStreet is our top pick for Tampa investors: cash-out up to 75% LTV, qualification on rent instead of income, and loans from $150,000 with no stated maximum.
Yes. LendingStreet finances investment rentals throughout Tampa and the rest of Florida. We lend in all 50 states and DC.
Not by itself. If repairs are complete and documented with permits, the appraisal and insurance can usually move forward. Open damage has to be fixed first.
Yes. We lend across Hillsborough, Pinellas and Pasco counties. Flood maps and tax rates vary by county.
Yes. CDD assessments appear on the tax bill and count in the monthly payment, along with HOA dues.
No. A DSCR cash-out is underwritten on the rental's income and the property, not your pay stubs or tax returns. Most investors borrow in an LLC.
You have options: a lower loan amount, a sub-1.0 DSCR program where it fits, or waiting for a rent increase. We will show you each one.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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