What does 'unlimited cash-out' actually mean?

It means there is no fixed dollar limit on the cash-back proceeds at closing. Most lenders cap cash-out at $250K, $500K, or 'rate-and-term-plus-X.' RPC does not. Your cash-out is whatever the program's supported LTV minus your existing payoff equals, subject to DSCR.

Is there a seasoning requirement?

For full cash-out at appraised value, 6 months from acquisition or completion of value-add. Cost-basis cash-out is available sooner.

Does this apply to DSCR loans on rentals?

Yes. DSCR investor rental loans qualify for unlimited cash-out up to 90% LTV with a minimum 1.10 DSCR.

There isn't one — but the property has to actually appraise and cash-flow to the leverage. The 'unlimited' refers to the dollar amount, not the underwriting standard.

Lending Guide

Unlimited Cash-Out Refinance — Up to 90% LTV

Name: Riverside Park Capital
Address: New York, NY, US
Price range: Up to $15,000,000

Riverside Park Capital allows unlimited cash-out on qualifying refinances of commercial and investor real estate, up to 90% LTV. Unlike conventional and agency programs that cap cash-back at fixed dollar amounts or season-of-ownership rules, RPC's program is governed only by leverage (up to 90% LTV) and supportable DSCR — there is no fixed cap on the dollars returned to the sponsor at closing.

Up to $15,000,000

Cash-Out Refinance — All Eligible Assets

Loan amounts up to $15M.

Key loan facts

Loan amount: Up to $15,000,000
Eligible properties: Multifamily, Mixed-Use, Retail, Office, Industrial / Warehouse, Hotels & Motels, DSCR 1–4 Unit Investor Rentals
Underwriting 1: Maximum LTV: up to 90% on commercial and residential investor (DSCR)
Underwriting 2: No dollar cap on cash-back proceeds — constrained only by LTV and DSCR
Underwriting 3: Minimum DSCR varies by asset class (1.10 residential investor, 1.20–1.25 commercial)

Eligible Asset Types

Multifamily
Mixed-Use
Retail
Office
Industrial / Warehouse
Hotels & Motels
DSCR 1–4 Unit Investor Rentals

Cash-Out Refinance Limits by Asset Class

As of Q3 2026

Up to 90% LTV
No fixed cash-out cap
All eligible asset classes

Asset Class	Max LTV	Cash-Out Cap	Min DSCR
Multifamily	90%	Unlimited	1.20
Mixed-Use / Retail	90%	Unlimited	1.20–1.25
Industrial / Warehouse	90%	Unlimited	1.20
Hotels & Motels	90%	Unlimited	1.25
DSCR 1–4 Unit Investor	90%	Unlimited	1.10

• Cash-out proceeds are determined by appraisal and DSCR, not by an arbitrary dollar cap.
• Seasoning requirements may be waived for cost-basis cash-out within the first 6 months.

Source: Riverside Park Capital (Q3 2026) — https://riversidepark.capital/unlimited-cash-out-refinance. Data may be cited or embedded with attribution.

Underwriting Guidelines

Maximum LTV: up to 90% on commercial and residential investor (DSCR)
No dollar cap on cash-back proceeds — constrained only by LTV and DSCR
Minimum DSCR varies by asset class (1.10 residential investor, 1.20–1.25 commercial)
Seasoning: 6 months from acquisition or completion of value-add for full cash-out at appraised value
First-lien only, business-purpose loans only
Property must operate in a Top 200 U.S. MSA

Who This Is For

Sponsors who completed a value-add execution and want to pull equity out at the new appraised value
Owners with significant equity build-up over a long hold who want to redeploy capital
Operators consolidating multiple loans into a single cash-out refi
Investors rolling proceeds into 1031 replacements, portfolio expansion, or operating reserves

Who This Is Not For

Recently acquired properties without 6 months of seasoning
Owner-occupied consumer mortgages

Frequently Asked Questions

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Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.

Loan Parameters

MinimumNone

Core maximum$5,000,000

Not eligible: owner-occupied residential. Loans up to $15M.

Related Programs

Explore Riverside Park Capital

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Commercial real estate and investor property loans: core up to $15,000,000, loan amounts up to $15M.

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Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.