CRE Cash-Out Refinance Calculator

When a CRE cash-out refi makes sense

Good fit when:

• You've built real equity — current balance is under 60% of property value.
• NOI comfortably covers debt service at a 1.20–1.50× DSCR after the new payment is in place.
• Cash-out is meaningful relative to refi friction — generally $50K+ after closing costs.
• You have a defined use for the cash (renovation, second property down-payment, business growth) that beats the cost of new debt.

Skip / wait when:

• DSCR fails. Lenders won't approve below 1.20× and most will price up between 1.20 and 1.25. If your NOI doesn't cover, you either need a lower LTV, longer term, or to wait for NOI growth.
• You're already at 70%+ LTV. Real cash-out shrinks fast — you're mostly paying closing costs to refinance the existing balance.
• Rates are temporarily elevated and you'd be locking in a higher monthly payment than the existing loan for marginal cash-out.
• The use of funds is vague. CRE cash-out is real money at real cost — fund a specific project, not a "rainy day."

One number that lenders care about more than the others: DSCR. If your NOI doesn't cover 1.20–1.25× the new debt service, the deal doesn't get done — regardless of how much equity is in the property.

Which path fits you?

This tool helps three audiences. Pick the one that's you.

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