Commercial Cash-Out Refinance: Up to $5M
Our commercial cash-out refinance goes up to $5,000,000 at up to 75% LTV. Within those two limits there is no separate cap on the cash you take out. The new loan needs a minimum DSCR of 1.15x and a minimum FICO of 680, on occupied commercial real estate. A rate-and-term refinance (no cash out) is a different program that goes up to $5,000,000. Closing in as little as 30 days, subject to underwriting.
Key loan facts
- Loan amount
- $100,000 to $5,000,000
- Loan type
- Commercial Cash-Out Refinance
- Eligible properties
- Multifamily (5+ units), Mixed-use, Retail, Office, Industrial and warehouse, Self-storage, Cold storage, Hotels and motels, Data centers
- Maximum Leverage
- 75%; Unlimited cash-out proceeds within the $5 million loan limit and 75% LTV
- Minimum FICO
- 680
- Minimum DSCR
- 1.15x
Commercial purchase and rate-and-term refinance: up to $5 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing. Not eligible: owner-occupied residential. Limits vary by program, property and deal, and we confirm them for each deal.
Lending Guide
Two limits set the cash: the loan limit and the LTV
The new loan can be up to $5,000,000 and up to 75% of the appraised value, whichever is lower. Your cash out is that loan amount minus the payoff of your current loan and closing costs.
- Where it fits
- This is for occupied commercial property: multifamily, office, retail, industrial, mixed-use, self-storage, cold storage, hotels, motels and data centers, all subject to underwriting. 1-4 unit rentals use the DSCR program, where cash-out leverage is confirmed per deal.
- Illustrative example
- Illustrative: a building appraised at $4,000,000 supports up to $3,000,000 at 75% LTV. With a $1,800,000 payoff, cash out before costs is up to $1,200,000, if the net operating income covers the new payment at 1.15x or better.
- Initial fit check
- Check first: appraised value, current payoff, in-place net operating income, and that the new loan stays at or under $5,000,000 and 75% LTV.
Have those numbers? Start an application.
As of 2026-10-08
Rate-and-term vs cash-out refinance
| Rate-and-term refinance | Cash-out refinance | |
|---|---|---|
| Maximum loan | $5,000,000 | $5,000,000 |
| Maximum LTV | 75% | 75% |
| Minimum DSCR | 1.15x | 1.15x |
| Minimum FICO | 680 | 680 |
| Cash out | None beyond closing costs | Unlimited proceeds within $5,000,000 and 75% LTV |
| Closing | As little as 30 days | As little as 30 days |
Occupied commercial real estate only. Final terms follow underwriting, the appraisal and title.
Source: Riverside Park Capital (2026-10-08), https://riversidepark.capital/unlimited-cash-out-refinance. Data may be cited or embedded with attribution.
Lending Guide
Program Details
Eligible Asset Types
- Multifamily (5+ units)
- Mixed-use
- Retail
- Office
- Industrial and warehouse
- Self-storage
- Cold storage
- Hotels and motels
- Data centers
Underwriting Guidelines
- Maximum loan amount: $5 million
- Maximum LTV: 75%
- Minimum FICO: 680
- Minimum DSCR: 1.15x
- Unlimited cash-out proceeds within the $5 million loan limit and 75% LTV
- Closing in as little as 30 days
- Occupied commercial real estate only
- All property types are subject to underwriting.
Who This Is For
- Owners of occupied commercial property who want to take equity out
- Sponsors who finished improvements and want to refinance at the new appraised value
Who This Is Not For
- Cash-out requests above $5,000,000
- Vacant or non-operating property
- Owner-occupied residential
- Not financed: gas stations, car washes, mobile home parks and religious facilities
Frequently Asked Questions
Ready to start a loan request?
Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.