Cash Out Refinancing

[Patrick O'Neill]

Hello BP,

It's been a while! I have a few questions about Cash Out Refinancing. 

I'm working on an investment proposal where the down payment and closing cost financing is provided by an investor. I want to know, in general how long it takes before a bank will consider a cash out refinance? I know that this will vary on location, the bank, and other economic factors. 

Additionally, when cash out refinancing an investment property, how much will they allow you to cash out? Is this relative to equity and the value of the property at the time of cash out refinancing? 

Any help or words of wisdom would be greatly appreciated!

Patrick