Success Stories

Client Success: $1M Refinance Cash-out for Self-Employed Investor

By Colin McMahon

May 10, 2024 6 min read

Client Success: $1M Refinance Cash-out for Self-Employed Investor

In San Diego, California's competitive real estate market, having the flexibility to move quickly and efficiently on investment opportunities is crucial. This is the story of a Milo client who leveraged our innovative financing solutions to enhance her investment portfolio without sacrificing her existing assets.

Our client, a self-employed property owner, had successfully built a real estate portfolio valued over $5 million, entirely free of mortgages. Her portfolio included a high-value condo in San Diego appraised at $1,670,000. While her assets were substantial, she faced a common dilemma: the need for cash to pursue new investments without liquidating her current holdings.

After being referred to us by her financial advisor, who praised our flexible programs and deep understanding of investment property financing, we assessed her situation. Traditional financing routes were not ideal due to her self-employed status, which presented a challenge in demonstrating consistent income—a typical requirement for conventional loans.

We identified the perfect solution in a Debt-Service Coverage Ratio (DSCR) loan. This type of loan is ideal for investors like our client, focusing on the income generated by the property itself rather than personal income. By approving a 60% Loan-to-Value (LTV) DSCR refinance loan on her San Diego condo, we were able to provide her with $1 million in cash. This funding was earmarked for her to diversify and expand her investment activities, maintaining her robust portfolio while still seizing new opportunities.

Our approach is direct and professional, yet we maintain a personal touch, understanding that each client’s situation is unique. By focusing on the property’s potential and offering a loan structured around the cash flow it generates, we enable our clients to achieve their investment objectives without the limitations imposed by traditional lending criteria.

For those looking to navigate the complexities of real estate investment, Milo is your finance partner. We understand the challenges that come with diverse portfolios and the importance of quick, reliable financing. If you find yourself needing innovative solutions tailored to your investment needs, create a Milo account today. Let us help you achieve your investment goals with the right financial strategies.

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.


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