01
Underwritten on What It Earns
Hold the property and we run it as DSCR — the loan is sized against the net operating income. Your W-2, or the absence of one, is not the story.
Cash-out refinance · Direct lender
DSCR Cash-Out Refinance for a rental you already own
Move into a better rate and term, or pull out the equity you've already built. We size the loan against what the property earns — no tax returns, no W-2s, no explaining your write-offs to a credit officer. Direct lender, real terms in 5 minutes.
- 1.00x+
- Minimum DSCR to qualify
- None
- Tax returns or W-2s required
- 5 min
- To real terms
Underwriting
What you can actually pull out
Borrow against the equity you have already built. The property's own numbers set the advance — which is exactly why this works when your tax return doesn't.
95%
Max LTV
Refinance advances on Bridge are set by your track record and credit. The full 100% advance is reserved for qualified Fix & Flip — not cash-out or rate-and-term refinance.
- Bridge track — repositioning, or exiting by sale
- Advance set by the experience-and-credit grid
- Single-family non-owner-occupied Bridge caps at 90%
Holding for income routes to DSCR cash-out, underwritten on net operating income — up to 75% LTV on single-family non-owner-occupied and 65% on commercial assets. For 100% LTV, see Fix & Flip: 3+ completed projects and a loan of $1,000,000 or less.
If you don't clear the full advance
Below the full advance, max LTV is a function of two things at once: projects you have closed, and your credit score. Find your row, then your column.
| Projects closed | 660–699credit | 700–719credit | 720+credit |
|---|---|---|---|
| First-time investor | 70% | 75% | 80% |
| 1–2 projects | 75% | 80% | 85% |
| 3–5 projects | 80% | 85% | 90% |
| 6–9 projects | 85% | 90% | 93% |
| 10+ projects | 85% | 90% | 95% |
Credit under 660
The grid needs a 660. Below that we price off the asset class instead — the building carries the risk your score won't.
- Multifamily
- 80%
- Retail
- 70%
- Single-family
- 90%
- Industrial
- 65%
- Storage
- 65%
- Mixed-use
- 65%
- Office
- 60%
- Hospitality
- 60%
- Land
- 55%
ITIN & foreign nationals
ITIN holders and foreign national investors with at least two completed projects in the U.S. and a FICO score of 650 or higher may qualify for the same LTV terms as U.S. borrowers. All other eligible ITIN holders and foreign national investors may qualify for up to 70% LTV. Final LTV is subject to underwriting.
- At least 2 completed U.S. projects · FICO 650+
- Same LTV terms
- Other eligible investors
- Up to 70% LTV
See if the rent covers the loan
Change the example to match your deal. Floor is 1.00x. Not a commitment to lend.
1.25x
Covers the debt. 1.00x floor.
$54,000 yearly rent minus $7,800 expenses is $46,200 NOI. Annual debt is $36,908, so NOI covers it 1.25 times.
Monthly P&I $3,076
Why refinance with CR Equity AI
A bank underwrites the borrower. We underwrite the building — which is the one that actually pays the loan back.
02
Built for the Self-Employed
The borrowers banks handle worst are the ones this loan was designed for. No income verification, no two years of returns.
03
Broad Asset Coverage
Multifamily, mixed-use, retail, industrial, storage, hospitality, and single-family non-owner-occupied. All commercial asset types except RV and trailer parks.
04
Built-In Take-Out Path
Phase 2 stabilization runs up to 36 months with no new application — so the exit is underwritten on day one, not scrambled for at month 23.
Equity out, without selling the asset
Cash-out, rate-and-term, or a bridge takeout — all priced on the property's own performance.
- Minimum DSCR
- 1.00x+
- Tax returns / W-2s
- None required
- Terms
- 5 minutes
- Term
- Up to 24 months of bridge, then up to 36 months of stabilization — no new application between the two.
- Priced On
- The property's value, its net operating income, and your existing mortgage balance.
- Collateral
- All commercial asset types except RV and trailer parks
Who qualifies
Business-purpose refinances on commercial and non-owner-occupied residential property.
Eligible
- Investors refinancing a property they already own, with or without a loan on it
- Self-employed borrowers and anyone whose tax return understates the deal
- Cash-out against built-up equity for the next acquisition or a business need
- Entity and LLC borrowers on business-purpose transactions
- ITIN and foreign national investors*
- Stabilized rentals priced on net operating income, via DSCR
Not eligible
- RV parks and trailer parks
- Consumer-purpose or owner-occupied primary residence loans
- Loans under $100,000
- Deals without a credible exit or stabilization thesis
*ITIN and foreign national investor LTV is based on experience and may be reduced based on final underwriting.
When investors refinance
The situations this loan was built for.
Cash Out for the Next Deal
Turn the equity sitting in one property into the down payment on the next.
Replace an Expensive Loan
Retire hard money or a maturing balloon with a structure that has a real exit.
Self-Employed and Turned Down
The bank could not read your returns. We read the property's income instead.
A Bridge Loan Coming Due
Season the asset and refinance into stabilization rather than fire-selling it.
Stabilized Rental, Better Terms
The lease-up is done and the numbers are proven — price it on that.
Partner Buyout
Refinance to take a partner out without selling the asset underneath you.
What Borrowers Say
Sponsors who closed with CR Equity AI.
DSCR loan FAQ
What DSCR means, how the ratio is calculated, and how cash-out works on a rental you own.
DSCR means debt service coverage ratio: the property's net operating income divided by its annual mortgage payment. At 1.00x the rent covers the debt. At 1.25x it covers it with 25% to spare. We calculate NOI ourselves from rent, taxes, and insurance rather than taking your number. Every quote shows your current DSCR next to the 1.00x and 1.20x marks so you can see where the deal sits.
Yes. On a DSCR loan we do not underwrite your personal income. No tax returns and no W-2s. Soft credit pull only to get terms.
Both. This page is cash-out and rate-and-term on a rental you already own. To buy a rental, including a short-term rental, go to https://crequity.ai/programs/investment-property-purchase-loans.
Yes, as a business-purpose investment. We look at in-place collections and market rent, not a best-case calendar. If the STR story does not hold as a long-term rental either, we will say so.
The floor is 1.00x. Deals with more coverage price better. The quote shows current, 1.00x, and 1.20x so you can see the gap instead of guessing.
DSCR = net operating income divided by annual principal and interest. NOI is (monthly rent × 12) minus yearly taxes, insurance, and HOA. Use the DSCR calculator on this page to illustrate the ratio, then submit the property for real terms in 5 minutes. The program floor is 1.00x.
Up to 80% LTV on 1-4 unit non-owner-occupied purchases, and up to 70% on commercial assets. Cash-out refinance on a hold is up to 75% SFR and 65% commercial. These are maxima. Final LTV depends on the asset and underwriting. Soft credit pull to price it.
Up to 95% on the Bridge track — repositioning the asset or exiting by sale — set by your completed projects and credit score. If you are holding it for income it runs as DSCR cash-out: up to 75% LTV on single-family non-owner-occupied and 65% on commercial assets. Single-family non-owner-occupied Bridge is flat 90%. 100% LTV is available only on qualified Fix & Flip (3+ completed projects and a loan of $1,000,000 or less).
Yes. Owning it free and clear simply means the whole advance comes back to you as cash.
The property's value, your existing mortgage balance, and the yearly net operating income if you are holding it.
Then it runs as a bridge refinance while you finish the work, and moves into stabilization once the numbers are proven — with no new application.
No. All CR Equity AI loans are business-purpose. We do not lend on an owner-occupied primary residence.
Yes. ITIN holders and foreign national investors are eligible. LTV is based on experience and may be reduced based on final underwriting. Additional documentation may be required.
Business-purpose lending in 48 states. Coverage is lending availability, not a 48-state mortgage license claim.
Your rent roll qualifies you.
Two minutes, soft credit pull, terms in 5 minutes.
- 1.00x+
- Minimum DSCR to qualify
- None
- Tax returns or W-2s required
- 5 min
- To real terms