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Yes. Unlike agency execution which typically requires 12 months of seasoning to refinance on current value, we lend on current value at closing. If you stabilized in the last six months and have trailing financials to prove it, we can fund the cash-out now.

1.20x at closing is a typical floor on cash-out refi. We can flex to 1.10x with offsetting strengths (lower LTV, IO debt service, strong sponsor liquidity). Take-out DSCR for perm is sized to the agency or balance-sheet lender's requirement.

Standard refi — your existing lender is paid off at closing through escrow. We handle the payoff letter and recording. If the existing loan has prepay penalty, we account for it in the take-out math.

Prepay is added to the payoff amount and reduces your cash-out proceeds. We'll model both scenarios at term sheet — refi now and absorb the prepay vs. wait. Often the cash unlocked is worth the friction cost.

At term sheet we identify the take-out lender (agency, life-co, CMBS, bank) and size the bridge to that exit DSCR / LTV. Bridge typically has open prepay after month six — you refinance to perm whenever the take-out lender is ready.

Yes. Partner buyout, partition refi, estate buyout — all common bridge use cases. Cash-out proceeds are used to acquire the departing partner's interest. We need the operating agreement and a clean cap table at closing.

Yes — non-recourse with standard bad-boy carve-outs is the default execution on stabilized cash-out refi. Recourse pricing inside non-recourse is available if you prefer to optimize the rate.

Origination is typically 1.0–2.0% of loan amount. Third-party costs (appraisal, environmental, legal, title) generally run $20K–$50K depending on asset size and complexity. Full estimate provided with term sheet.