# Unlimited Cash-Out Refinance — Up to 90% LTV

> Unlimited cash-out refinance on commercial and investor real estate up to 90% LTV — no dollar cap on cash-back when LTV and DSCR are supported. Up to $15M.

Canonical: https://riversidepark.capital/unlimited-cash-out-refinance
Markdown: https://riversidepark.capital/unlimited-cash-out-refinance.md

## Quick answer

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.

## Loan parameters

- Loan size: Up to $15,000,000
- Loan type: Cash-Out Refinance — All Eligible Assets

## Eligible assets

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

## 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

## Cash-Out Refinance Limits by Asset Class (as of Q3 2026)

| 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.

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

## FAQs

**Q: 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.

**Q: 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.

**Q: 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.

**Q: What's the catch?**

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.

## Related

- [Commercial Real Estate Loans](https://riversidepark.capital/commercial-real-estate-loans)
- [Hotel & Motel Financing](https://riversidepark.capital/hotel-motel-financing)
- [DSCR Rate Sheet](https://riversidepark.capital/dscr-rate-sheet)
- [Request a Loan Quote](https://riversidepark.capital/apply)

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Source: Riverside Park Capital — https://riversidepark.capital/unlimited-cash-out-refinance