INVESTOR GUIDE · DELAYED FINANCING
Delayed financing
How to get full ARV without renovation, 1 day after closing. Paid cash for a property below market value? You don’t have to wait, and you don’t have to renovate, to get your money back out.
The short answer
- Delayed financing is a cash-out refinance after an all-cash purchase.
- With some of our preferred lenders, we can use the appraised value instead of the purchase price as soon as one day after purchase.
- That matters when you bought below market and didn’t renovate. Many lenders won’t give you no-seasoning on value without a rehab. We can.
WHAT IT IS
Pay cash, then pull it back out
Delayed financing is what it’s called when you buy a property with cash and then refinance to get your money back out. We do this all the time.
THE BENEFIT
Appraised value, one day after purchase
Most lenders cap you at what you paid, or make you wait. With some of our preferred lenders, we can use the appraised value instead of the purchase price, as soon as one day after purchase.
That’s a critical benefit when you bought below market value and didn’t renovate. A lot of lenders only give the no-seasoning benefit when there’s a rehab to justify the new value. We don’t need one.
WHO IT’S FOR
Cash buyers who bought right
- Investors who won the deal with an all-cash offer
- Buyers who picked up a property below market, with or without a rehab
- Anyone who wants their capital back working on the next deal instead of sitting in one property
See the full program in our DSCR cash-out refinance, and how it fits into SUPER BRRRR.
STRAIGHT ANSWERS
Delayed financing questions
What is delayed financing?
A cash-out refinance after an all-cash purchase, so you can get your money back out of the property.
How soon after a cash purchase can I refinance?
With some of our preferred lenders, as soon as one day after purchase.
Can I use the appraised value instead of my purchase price?
With some of our preferred lenders, yes, even if you didn’t renovate. That’s a key benefit when you bought below market value.
KEEP READING
DSCR KINGS · INVESTOR FINANCING
Bought with cash? Let’s get it back
Send us the purchase and the property. We’ll show you what it appraises for and what you can pull out.
Business-purpose loans for investment properties only; not for owner-occupied homes. Lending guidelines, leverage and loan programs vary by lender and by state and are subject to change. Terms and approval depend on the property, the borrower’s credit and capital-partner guidelines and are not guaranteed. Examples are for illustration only.
