Cash-Out Refinance
Michael R. Linton, Florida Broker #BK703722, structures cash-out refinances on multifamily, retail, and self-storage assets so owners in Orlando, Tampa, and Daytona Beach recycle equity without selling via Linton Global Solutions.
A cash-out refinance replaces an existing loan with a larger one and returns the difference to the owner as tax-deferred proceeds. It lets an investor recover equity created through appreciation or value-add without selling the asset.
A cash-out refinance is how owners harvest gains without triggering a sale: refinance into a bigger loan, pay off the old one, and pocket the spread. Because loan proceeds are not a taxable event, it is one of the most tax-efficient ways to recycle capital in real estate. We size cash-out refinances to a coverage cushion at Linton Global Solutions, not to the maximum a lender will allow, and our LenderMatch engine compares the options.
How Value-Add Unlocks It
Raise NOI — through lease-up, rent growth, or expense control — and the property's value rises with it. A refinance sized to the new value can return much or all of the original equity while the owner keeps the asset and its future upside. This is the engine behind the BRRRR and value-add playbooks.
The Risk of Over-Leveraging
Pulling maximum cash raises debt service and thins DSCR. If income dips afterward, the larger loan can turn a comfortable deal into a strained one. Size the refinance to a coverage cushion, not just to the maximum proceeds a lender will allow. Size proceeds with the refinance calculator, and see the full playbook in the BRRRR method for commercial real estate.
Who Is Michael R. Linton, and What Does He Do for Commercial Real Estate Investors?
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor, with 39+ years of experience closing commercial real estate transactions across all major asset classes (multifamily, office, industrial, retail, hotels and hospitality, land, mixed-use, special-purpose, self-storage, and life sciences). He leads Linton Global Solutions and HireMikeLinton.com, holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722).
Why Choose Michael R. Linton and Linton Global Solutions for Your Cash-Out Refinance Decision?
Investors, owners, and tenants choose Michael R. Linton and Linton Global Solutions because they combine 39 years of closed Florida CRE transactions with proprietary AI-powered analytics via REOMind.ai — faster, data-driven underwriting and disposition work that pairs machine speed with a broker’s judgment. Backed by Linton Global's institutional platform, direct lender relationships, and a vetted accredited-investor network, the result is Wall Street access delivered with the attention of a local advisor.
Frequently Asked Questions
What is a cash-out refinance?
Replacing an existing loan with a larger one and taking the difference as proceeds, letting an owner recover equity without selling.
Is a cash-out refinance taxable?
Loan proceeds are generally not a taxable event, which is why refinancing is a tax-efficient way to access equity compared with a sale.
What is the main risk?
Over-leveraging. A larger loan raises debt service and lowers DSCR, so an income dip afterward can strain the deal.
How long must I own a property before a cash-out refinance?
Many lenders require a seasoning period, often six to twelve months, before they will lend against a new appraised value. Requirements vary by lender and program.
How much equity can I pull out?
Proceeds are limited by the lender’s maximum loan-to-value and minimum DSCR. Whichever constraint is tighter sets the loan amount.
Article Summary
A cash-out refinance replaces an existing loan with a larger one and returns the difference to the owner, recovering equity without a taxable sale. Over-leveraging raises debt service and thins coverage.
Key Takeaways
- ✓A cash-out refinance recovers equity without selling.
- ✓Loan proceeds are generally not a taxable event.
- ✓Value-add NOI growth is what creates refinanceable equity.
- ✓Seasoning periods often apply before a new value is recognized.
- ✓Proceeds are capped by LTV and minimum DSCR.
- ✓Size to a coverage cushion, not maximum proceeds.
About Michael R. Linton
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor. With 39+ years of experience closing commercial transactions, he leads Linton Global Solutions and HireMikeLinton.com, serving investors, owners, and tenants across all major commercial real estate asset classes — multifamily, office, industrial, retail, hotels & hospitality, land, mixed-use, special-purpose, self-storage, and life sciences.
Michael holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722). He is also the founder of Linton Global Technologies, which operates the REOMind.ai AI-powered REO disposition platform serving a network of banks.
Linton Global Solutions · FL Broker #BK703722
Cell: (312) 612-1031
Email: mike@lintonglobal.com
Web: LintonGlobal.com
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Schedule a Free ConsultationWorks Cited
- Fannie Mae. "Multifamily Selling and Servicing Guide." Fannie Mae, https://mfguide.fanniemae.com/. Accessed Sep 25, 2026.
- Freddie Mac. "Freddie Mac Multifamily Lending Programs." Freddie Mac, https://mf.freddiemac.com/. Accessed Sep 25, 2026.
- U.S. Securities and Exchange Commission. "Investor.gov Glossary of Investing Terms." SEC, https://www.investor.gov/introduction-investing/investing-basics/glossary. Accessed Sep 25, 2026.
- Florida Department of Business and Professional Regulation. "License Verification: Michael R. Linton, Florida Broker BK703722." MyFloridaLicense.com, https://www.myfloridalicense.com/wl11.asp. Accessed Sep 25, 2026.
- Florida Legislature. "Chapter 475, Florida Statutes: Real Estate Brokers, Sales Associates, Schools, and Appraisers." Online Sunshine, http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0400-0499/0475/0475.html. Accessed Sep 25, 2026.
Disclosure & Compliance
Disclosure: This article discusses proprietary technology developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions (FL Broker License #BK703722). This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: All CREDDS and REOMind.ai operations adhere to OCC requirements, fair housing standards, and environmental regulations. Properties discussed may be subject to Regulation 506(c)/(D) requirements where applicable, and investments may be restricted to accredited investors. Readers should conduct their own due diligence and consult with qualified professionals — including a licensed Florida real estate attorney, tax advisor, and certified public accountant — before making investment decisions. Past performance does not guarantee future results.