Cash-Out/ Refinance Loan

Replace existing debt or extract equity based on the property's current value.

Property type​

SFR, 2-4 units, Townhouses, Condos, Condotels, 5-8 units

Max loan amount

$4,000,000

Property conditions

C1-C4

Occupancy​

Leased or vacant accepted

Term & Rate​

30-year fixed rate loan

Loan To Value

Up to 70%​ LTV

US entity required ​

Multiple entity owners ​

Up to 4 owners
*5 and up with exception

Why Get a Cash-Out/ Refinance Loan?

Low ammortization

Enjoy the best cash flow possible from your asset through a 30-year loan, minimize your principal payments, and increase your monthly cash returns.

Lower your rate
and extend the term

If you have an existing mortgage with higher rates or shorter term, you can refinance with Lendai and replace your existing debt with better rates and longer duration.

Triple your buying power

By extracting debt from an existing investment, you can reinvest in additional properties. If you own a $300,000 property free of debt, you can cash-out up to $200,000 from this property and use the funds as down payment for your next investment(s).

How it works

“I was amazed how fast and easy it was for me to get a pre-approval letter from Lendai. All it took was a few minutes of my time and I was ready with a Pre-approval letter that my agent could use to make my purchase offer stand out from the other applications.”​​
Dave D.
Canadian investor

FAQ

Lendai offers New Purchase Loans, Cash-Out Refinance Loans, Standard Refinance Loans, and Portfolio Loans.

In addition, we provide Pre-Approval letters.

Lendai finances the following type of properties: Single families, 2–4-unit residences, condos, townhouses, 5-8 units.

The loans are fixed for a period of 30 years.

Lendai is a lender that focuses on Super Prime loans, so we offer our clients good terms and a short procedure. The scope of financing is based on the value of the property, the expected rent, and other variables.

We will finance any condo, including condotels subject to our underwriting guidelines.

 

The Lendai underwriting guidelines are based on four main factors: 1. Property value 2. Property DSCR 3. Borrower’s liquidity 4. Borrower’s credit profile in the country of origin

Lendai does not fund construction loans directly but can offer them through our partners in the Lendai industry. Reach out to us and will be happy to help.