Put existing equity in the conversation.
Cash-Out Refinance for Investors in Los Angeles
A cash-out refinance lets eligible Los Angeles investors replace an existing property loan with a larger loan and receive remaining proceeds after payoff and costs. The property and lender’s requirements determine what may be available.
The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM
01 / Understand the loan
What Is a Cash-Out Refinance?
Available equity and available cash are different numbers.
A cash-out refinance on an investment property replaces the current mortgage. Part of the new loan pays off existing financing and applicable closing costs; any remaining eligible proceeds go to the borrower.
Investors may consider the proceeds for another purchase or improvements. Compare the full cost, payment, and repayment terms of the new loan before deciding whether using equity fits your plan.
02 / See how it fits
Who This Is For
- Investors with equity in a rental
- Investors who finished a flip and want long-term financing
- Owners ready to buy the next property
- Borrowers who want to replace a short-term loan
What You May Need
Requirements vary by lender and program. Common items to discuss include:
- A signed application
- A current mortgage statement
- Property details and rents
- Photo ID and entity papers
- A credit report and appraisal
03 / Your local investment
Serving Los Angeles and Nearby Cities
If you own a Los Angeles rental, bring your current mortgage statement, lease, and intended use of funds. Those details help separate a request for new terms from a request to access equity.
- Los Angeles
- Inglewood
- Culver City
- Beverly Hills
- West Hollywood
- Santa Monica
- Glendale
- Burbank
- Pasadena
- East Los Angeles
- Hawthorne
- Compton
- Alhambra
See all our Los Angeles loans or see all areas we serve. Investing outside Los Angeles? See Cash-Out Refinance for Investors in other states.
04 / A little clarity
Questions We Hear a Lot
How much cash can I take out?
It depends on the property’s appraised value, existing debt, loan limits, borrower qualifications, and closing costs. A lender must review the file before the available proceeds can be determined.
What credit score is required?
Credit requirements vary by lender and program. Credit is one part of the review alongside the property, rent or income documentation, equity, and available funds.
Can I refinance out of a hard money loan?
A refinance may be possible if the property and application meet the new lender’s requirements. Ownership history, property condition, rental documentation, and payoff details may affect eligibility.
Will my payment go down?
Not necessarily. A larger balance, different rate, fees, or a new term can change both the payment and total cost. Review the proposed terms against your existing loan.
05 / Explore your options
Related Loan Options
Know Who You’re Working With
The Funding Clinic is a mortgage broker. We arrange loans funded by third-party lenders. View our BBB business profile to learn more about our company. Read our Google reviews
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The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM