Home / DSCR / BRRRR exit. Refinance on the new rent.
Updated September 2026
BRRRR
BRRRR exit. Refinance on the new rent.
Buy, rehab, rent, refinance, repeat. The refinance is a DSCR cash-out when the property is a rental and you do not want tax returns in the file. Cash-out usually lands around 70 to 75% LTV, not the 80% purchase screen. The new rent has to be on a lease or a schedule the program accepts. If the ratio is under 1.0, ask about Flexible DSCR. Bridge can cover the ugly middle. The DSCR loan is the exit, not the rehab blank check.
The screen
| BRRRR step | THEMONEYDOOR tool |
|---|---|
| Buy and rehab | Bridge when the property is rough or mid-project |
| Rent | Lease or market schedule. No W-2 |
| Refinance | DSCR cash-out, often 70–75% LTV |
| Repeat | Next purchase on another DSCR file |
What we fund
- Stabilized rentals ready to leave a bridge
- Leased properties with reserves
- Investors recycling equity into the next deal
What we still need. Short list.
- Credit is still reviewed. A lower score changes leverage, it does not skip the file.
- Reserves and down payment, sourced.
- Appraisal plus a lease, market rent, or a short-term rent schedule.
- Entity documents if you close in an LLC.
Questions
Can I refinance before I have a tenant?
Sometimes, with a market rent schedule or a no-ratio structure. A signed lease is the cleaner cash-out.
Do you fund the rehab at 100%?
No. Bridge looks at rough property and mixed-use, from a 500 FICO, up to 50% LTV cash-out. It is not a 100% rehab blank check.
What DSCR do I need on the exit?
About 1.00x on a standard file. Below that, Flexible DSCR if reserves are there.
Related
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.