Can You Cash Out Right After a Rehab Is Finished?
Yes, on the right DSCR program. Get Brick Capital has a completed-renovation option that can use the new ARV immediately after the rehab is complete. We also have a separate program that can use the new ARV after at least 91 days of ownership. These are different capital-partner programs with different minimums and documentation rules.
Do not combine the programs:
The immediate new-ARV benefit belongs to Program 3. The $50,000 minimum-loan option belongs to Program 1, which generally requires 91 days before new-ARV cash-out treatment.
Program 3: New ARV Immediately After Completed Renovation
Program 3 can use the new ARV immediately once the renovation is complete. There is no added ownership-seasoning period for the completed-renovation scenario. The program requires at least a 660 FICO, a $75,000 minimum loan amount, and a $100,000 minimum property value. It also does not require an executed lease.
Qualifying borrowers with 680+ FICO can reach up to 80% cash-out LTV in Alabama, Colorado, Georgia, Maine, Michigan, Mississippi, Missouri, North Carolina, New Hampshire, Pennsylvania, Tennessee, Texas, Virginia, and Washington. Outside those states, Program 3 is generally capped at 75% LTV.
Program 1: New ARV After 91 Days
Program 1 takes a different approach. For cash-out based on the new or current ARV, the borrower needs at least 91 days of ownership. The maximum is generally 75% LTV, and the purchase price plus documented renovation budget needs to support the requested loan amount. The renovation budget can be documented with a straightforward written scope and cost breakdown when that is sufficient for the selected capital partner.
Program 1 can close loans as low as $50,000 and has a $75,000 minimum property value. It also requires a lease. If the lease is less than 90 days old, proof of the security deposit and rent plus evidence of deposit into the landlord's bank account is required.
What If You Refinance Before 91 Days on a Program That Requires Seasoning?
A refinance may still be possible before 91 days, but the leverage is based on the original purchase or value basis rather than the new ARV. That distinction matters when the renovation created a large increase in value. Waiting until the program's seasoning period is met can materially change the maximum loan amount because the capital partner can then evaluate the finished property value instead of the original basis.
Compare Immediate ARV vs. 91-Day ARV Options
Send the purchase date, purchase price, renovation spend, finished value, rent, payoff, and FICO range. We will compare the program paths that fit.
Get a Quote →What We Need to Size a Post-Rehab Cash-Out Refinance
- Property address and property type
- Original purchase date and purchase price
- Renovation budget and whether work is complete
- Estimated completed value or ARV
- Current payoff, including hard-money or bridge debt
- Monthly lease rent or supportable market rent
- Approximate FICO range
- Target cash-out amount or target LTV
For a broader explanation of the refinance process, see the BRRRR refinance hub and the DSCR cash-out refinance hub.