Andrade Real Estate Services

The Accelerator DSCR 5–8 Unit Cash-Out Refinance Program is designed for experienced real estate investors seeking to access equity from small residential multifamily properties containing five to eight units. Qualification is based primarily on the property’s cash flow using the Debt Service Coverage Ratio (DSCR), rather than the borrower’s personal income.

This program is ideal for borrowers who:

Prefer to show no income documentation.
Qualify primarily through property cash flow (DSCR-based).
Want to pull cash out of existing 5–8 unit investment properties for reinvestment, liquidity, or portfolio growth.

Max Loan	Credit Score	DSCR ≥ 1.00 (LTV)	Reserves
<$1M	700+	65%	6 months PITIA, cash-out cannot be used.
$1M-1.5M	700+	65%	6 months PITIA, cash-out cannot be used.
$1.5M-2M	700+	65%	6 months PITIA, cash-out cannot be used.

Occupancy Requirement
Primary residence Borrower may not occupy or allow family members to occupy the subject property.
Note Primary and second homes are not eligible.

First Time Investor
Definition Borrower must have a history of owning and managing commercial or non-owner occupied residential real estate for at least 1 year in last 3 years.
Requirement First time investors are not eligible.

Residency Eligibility
Eligible Valid SSN — must have a valid Social Security Number (SSN). Permanent residents — must provide a valid, unexpired Green Card. Non-permanent residents — eligible with valid visa or Employment Authorization Document (EAD).
Ineligible Foreign nationals who do not reside in the U.S. are ineligible, Borrowers with one or more housing late payments in the past 12 months, Borrowers without a social security number, or with a number that cannot be validated through the SSA are ineligible. Borrowers with diplomatic immunity are ineligible. Borrowers with expired residency or ID documentation are ineligible. Borrowers previously convicted of mortgage fraud are ineligible.

Income Consistency Requirements
Employment History You don’t need to show personal income, pay stubs, or tax returns, this program qualifies you based on the property’s monthly rental income instead. This rental income is compared to the monthly mortgage payment (including taxes and insurance) to make sure the property can cover its own costs.
Notes DSCR ≥ 1.00: The property must make enough money to fully cover the mortgage payment.

Cash-Out Restrictions
Maximum Cash Out $1,000,000
Note Cash-out proceeds may not be used to satisfy reserve requirements.

Loan Amounts
Minimum Loan Amount $400,000.
Maximum Loan Limits $2,000,000.

Property Types
Eligible SFRs (Single-Family Residences), 2–4 Units (must occupy one unit), PUDs (attached/detached), Condominiums (attached/detached; warrantable only. Non-warrantable considered case-by-case), Condo Hotels or Motels (projects operated as hotel/motel, hotel/motel conversions).
Ineligible Manufactured homes, Rural properties, Commercial property, Properties exceeding two acres in lot size, Vacant land or land development properties, Mixed used properties.

Disclaimer – This matrix was published on 09/20/2025. Program guidelines may have changed since then. Please contact Alexis to confirm the most current requirements. For complete details, refer to the Partner Matrices PDF or reach out directly to Alexis for program-specific guidance.

Cash-Out

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