You own an investment property with real equity, and you need that cash in weeks, not months. A long-term refinance may not fit yet, or may not be fast enough.
In short: A bridge loan cash-out refinance is a short-term, interest-only loan that pulls equity out of a non-owner-occupied investment property you already own, usually to fund another purchase, finish a renovation or buy out a partner. LendingStreet finances bridge loans from $150K to $5M+ that can close in as little as 10 days. Cash-out leverage is typically lower than purchase leverage and varies by property and plan. You later repay it with a long-term refinance or a sale.
A long-term DSCR or commercial refinance is usually cheaper. But it needs steady income, often a seasoning period, and more time to close.
A bridge cash-out fits when the property is not ready for permanent debt or when timing matters more than rate. Think of it as fast, temporary access to equity with a planned exit.
Our bridge programs reach up to 85% LTV on qualifying purchases. Cash-out is usually more conservative, and the limit depends on property type, condition, your experience and what you plan to do with the funds.
The other limit is the exit. The loan must be small enough that a future long-term refinance or sale can pay it off with room to spare.
Example only, not a quote. An investor owns a small retail building free and clear, valued at $900,000. Two of four units are leased, so current income will not support a long-term loan of useful size.
The investor wants $500,000 to close on a second property in three weeks. An assumed 65% cash-out bridge loan of $585,000 covers that, plus closing costs and a modest interest reserve. Once the remaining two units are leased, the investor refinances into long-term commercial debt.
| Line | Example amount |
|---|---|
| Current value | $900,000 |
| Existing debt | $0 |
| Assumed cash-out leverage | 65% |
| Bridge loan amount | $585,000 |
| Closing costs and points (assumed) | About $25,000 |
| Interest reserve (assumed) | About $40,000 |
| Net cash to investor | About $520,000 |
On qualifying bridge deals, valuation can be done with a desktop valuation or broker price opinion instead of a full appraisal. That can shorten the timeline and reduce third-party cost.
Whether a no-appraisal path fits depends on loan size, property type and leverage. Your loan officer will tell you which method applies at the start.
A bridge cash-out is a short-term tool. Before closing, map out how the loan gets repaid and when.
The most common exit is a long-term DSCR refinance on a rental or a commercial refinance on a leased building. Run the long-term numbers now so you know the refinance can cover the bridge payoff.
| Exit route | What needs to be true |
|---|---|
| DSCR refinance (1–4 units) | Rent covers the payment at the program’s minimum DSCR |
| Commercial or multifamily refinance | NOI supports the coverage target |
| Sale | Market value clears the loan, costs and your target profit |
Send the property address, an estimate of value, any existing mortgage payoff, current leases or rent roll, photos and a short note on what the cash is for. Proof of ownership and entity documents come next.
Our financing team typically returns 2–3 options, often within 48 hours, so you can weigh speed against cost.
Yes. Bridge loans can refinance an existing non-owner-occupied investment property and return equity to you as cash. The leverage is usually lower than on a purchase and varies by deal.
Seasoning rules vary. Bridge programs are often more flexible than long-term loans, and some will consider cash-out shortly after purchase based on current value and documented improvements.
No. LendingStreet finances business-purpose, non-owner-occupied investment property only. Your home is not eligible for our programs.
If the rental is leased, seasoned and cash-flowing, a DSCR cash-out is usually cheaper and long-term. If the property is vacant, under renovation or you need funds very quickly, a bridge cash-out may be the better first step.
Our bridge programs can close in as little as 10 days on clean deals. Title, valuation and how fast you send documents decide the real timeline.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.