CR Equity AI funded a $550,000 DSCR cash-out refinance in Seattle, WA for a real estate investor who needed to pull equity out of a single-family rental. We received the file on October 2 and funded it on October 14, just 12 days from submission to close.
The Deal at a Glance
| Detail | Information |
|---|---|
| Location | Seattle, King County, WA |
| Property type | Single-family rental (non-owner occupied) |
| Loan program | DSCR cash-out refinance |
| Loan amount | $550,000 |
| Submitted | October 2 |
| Funded | October 14 (12 days) |
The Investor’s Goal: Unlock Equity Without Selling
The borrower owned a single-family rental in Seattle and wanted to put the property’s equity to work. A DSCR cash-out refinance let them access that capital while keeping the rental, its income, and its long-term upside in the portfolio.
For investors in King County, where property values make equity a meaningful resource, a cash-out refinance can fund the next acquisition, a renovation, or reserves. Read more about how much equity you can pull from a rental property.
How We Closed a Seattle DSCR Refinance in 12 Days
This loan went through a full appraisal and cleared title, and we still funded within 48 hours of receiving the appraisal. Three things kept it moving:
- Qualified on rental income: the loan was underwritten on the property’s rent, with no tax returns or W-2s required. Here’s how DSCR loans qualify on rental income.
- Conditions cleared during the appraisal: our team worked through loan conditions while the appraisal was out, so nothing was waiting once it came back.
- Title cleared in parallel: title work ran alongside underwriting, with no curative delays.
That parallel process is how a direct lender shortens the timeline. See more on fast closing and our approach to clear to close in 72 hours.
Why DSCR Loans Work for Seattle Rental Investors
DSCR loans measure whether a property’s rental income covers its debt payments, rather than relying on the borrower’s personal income documentation. That makes them a practical fit for self-employed investors and anyone growing a rental portfolio. Run your numbers with our DSCR calculator before you apply.
Frequently Asked Questions
How long did this Seattle DSCR cash-out refinance take to close? Twelve days. CR Equity AI received the file on October 2 and funded it on October 14.
Did the borrower need to provide tax returns? No. The loan qualified on the property’s rental income, with no tax returns or W-2s.
Was an appraisal required? Yes. The deal used a full appraisal, and CR Equity AI funded within 48 hours of receiving it.
Have a DSCR Deal That Needs to Close?
Whether it’s a DSCR purchase, cash-out, or rate-and-term refinance, CR Equity AI can move quickly. Brokers and agents can also join our referral partner program.
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