The rehab is not finished. Drywall is open, or the kitchen is a sketch. You want cash out while the work is open, not after a finished appraisal. A bank or conventional shop looked at the house as it sits and said no: as-is value, incomplete work, a seasoning clock, occupancy, or rent that is not there yet. That is this page — not a rewrite of why the bank will not refinance a finished flip, not the whole map of when the bank says no on a rental, and not another explainer of what a DSCR loan is.
Funded Funding is a national private-money brokerage. We are not a bank. We are not an NMLS-licensed consumer mortgage lender. The loan is business-purpose, closed in an LLC or another business entity, underwritten on the asset and the deal. The desk floor is $100k. No owner-occupied. Start on the Funded Funding homepage if you need the product list first, or read what the desk is.
Why a bank cash-out dies while the work is still open
Because conventional / bank cash-out wants a finished property they can value as it sits. The collateral is the house with the walls open, not the after-repair picture. Incomplete work is not equity they will lend against. A seasoning wait may still be running. Occupancy is a project, not a primary residence. If nobody is paying rent, there is no DSCR-from-rents file to hand them. They are not funding the rest of the rehab.
Credit can clear and the file can still die. The product was never built to read a job site. When credit was fine and a finished rental still missed the box, that note is credit is fine, the file still does not fit. If the work is already done and they said the file is too new, that is the seasoning page. If a rental already pays and they named other consumer walls, start with when the bank says no on a rental. This page is the stall while the property is mid-rehab.
What the denial is actually refusing
The project can still be real. Their cash-out product still wants a completed property:
- As-is value. They price the house as it sits. The after-repair number is a plan, not their collateral.
- Incomplete work. Open permits, missing inspections, a scope that is still a bid. Cash-out is not a draw schedule.
- Seasoning. A recent purchase can sit inside a wait they will not waive. That calendar, on a finished house, is the seasoning note.
- Occupancy. You will finish and sell, or finish and hold. They underwrite like someone might live there. Owner-occupy is the wrong site.
- Rent that is not there. A DSCR-style read needs rent versus the payment. No finished unit means no lease story yet. The comparison is DSCR vs a bank rental loan, not a second explainer here.
You asked a finished-house box to treat a job site as a completed house.
Read the exit instead of a finished house
A rehab-aware desk does not pretend the drywall is already hung. It reads the exit. Two exits show up, and they are not the same loan.
Finish, then sell. The money is bridge or Fix & Flip shaped. It carries the remaining work, the hold, or both, and the payoff is the sale. How a renovation file is built stays on the Fix & Flip note. How short-term capital spans to a sale or a later takeout stays on the bridge note.
Finish, stabilize, then a DSCR-style takeout. The exit is a rented hold. Rent versus payment is the later file, after the unit can be rented. Asking a bank to cash out as if the lease already exists is the denial you have. DSCR vs a bank rental loan is the comparison once there is rent.
This is not a pull of imaginary equity. Say whether the file needs the work funded, or only what the house supports today. Some deals are still a bank cash-out once the work is done and their box fits. We will not invent a rate, a credit-score cutoff, a leverage number, or a testimonial. A denial does not guarantee a yes. The exit has to be real, the loan is business-purpose, and the desk floor is $100k. If bank cash-out is already the wrong product, Apply here.
What this desk is — and is not
Funded Funding is a national private-money brokerage. We are not a bank. We are not an NMLS-licensed consumer mortgage lender. This is a national desk, not a Phoenix-only shop. We do not publish an office address. Terms vary by lender, property, and borrower entity. Not available in every state.
The desk floor is $100k. Files under that are not this desk. Borrowers close in an LLC or another business entity. We do not stretch a project into an owner-occupied mortgage we are not licensed to do. A house that still needs work is usually a bridge or a Fix & Flip file. A hold that will rent after it is stabilized can be aimed at a later DSCR-style takeout. Do not force the label before the file is read.
This desk reads 1–4 unit investor files differently from 5+ unit and commercial files. Put the true unit count and the fund amount on the application. Business-purpose does not mean “no documents,” and it does not mean every file funds. If the cheaper bank cash-out can wait until the work is finished, wait. If the project needs money now, another consumer cash-out shop is not a plan.
How to put the file here
- Confirm it is investor property. If you will occupy it, this site is not your lender.
- Entity ready to close. LLC or other business entity that can take title and the loan.
- Deal on paper. Address, amount, what is done, what is left, unit count, and the exit: sell, or stabilize and hold. If a bank said no, name why.
- Do not invent the after-repair story or the lease. Photos, a real scope, and a real exit. A denial does not license a fictional value or a fictional tenant.
- Apply. Same intake as the rest of Funded Funding: the application. Apply here if the property is mid-rehab and the bank cash-out already stalled.
Still unsure whether the file is a bridge, a Fix & Flip, a later DSCR vs a bank rental loan, or a bank file you should finish first? That is what the intake is for, including the answer “finish the work, then this is still a bank file.”
Frequently asked questions
Why do banks deny cash-out when the property is mid-rehab?
Because conventional / bank cash-out wants a finished property they can value as it sits. As-is value, incomplete work, a seasoning wait, occupancy, or rent that is not there yet can all fail that box. The after-repair picture is not their collateral.
Is a mid-rehab cash-out denial the same as a seasoning wait?
No. Seasoning is the wait after a purchase, refinance, or finished rehab before a bank will refinance. This page is the stall while the work is still open. A finished flip that is only too new belongs on the seasoning note.
Can a private-money desk read an unfinished rehab?
Sometimes. A rehab-aware file reads the exit — finish then sell, or stabilize then a DSCR-style takeout — instead of pretending the house is already done. It does not guarantee a yes. The exit still has to be real. The loan is business-purpose. The desk floor is $100k.
What is the minimum to fund?
The desk floor is $100k. Files under that are not this desk.
Ready to get funded?
If a bank already denied cash-out because the property is mid-rehab — as-is value, incomplete work, seasoning, occupancy, or rent that is not there yet — and you have an LLC and an exit you can explain, send the file. No fake funded counts. No stock testimonials. No owner-occupied stretch. No teaser rate that is not your file.
Ready to get funded?
Apply on the same intake we use live, or call or text (520) 552-7065.