--- title: "Just funded: $2.2M cash out refinance for tech founder" description: blog post about a tech founder using an asset depletion NonQM loan, an alternative to a jumbo loan, for a cash out refinance of a luxury Marin county home image: https://exceptionlending.com/hubfs/AI-Generated%20Media/Images/The%20image%20depicts%20a%20luxurious%20singlefamily%20residence%20nestled%20in%20the%20scenic%20Marin%20County%20California%20The%20house%20boasts%20a%20contemporary%20design%20with%20large%20glass%20windows%20reflecting%20the%20surrounding%20lush%20greenery%20The%20home%20is%20perched%20on%20a%20hill%20overlooking%20the-3.jpeg --- [Skip to content](https://exceptionlending.com/en/blog/tech-founder-asset-depletion#main-content) ![exception lending logo](https://exceptionlending.com/hs-fs/hubfs/ELlogo.color.2024.10.14.250x1000.png?width=500&height=125&name=ELlogo.color.2024.10.14.250x1000.png) - [Blog](https://exceptionlending.com/en/blog) Open main navigation Close main navigation - [Blog](https://exceptionlending.com/en/blog) - [ Apply Now ](https://9daed25c73794db78b622e6e1902ced4.preapprovemeapp.com/Portal/5763/300825/Landing) [ Apply Now ](https://9daed25c73794db78b622e6e1902ced4.preapprovemeapp.com/Portal/5763/300825/Landing) [![customcolor_logo_transparent_background(trimmed)](https://exceptionlending.com/hs-fs/hubfs/Logos/customcolor_logo_transparent_background(trimmed).jpg?width=300&height=63&name=customcolor_logo_transparent_background(trimmed).jpg "customcolor_logo_transparent_background(trimmed)")](https://exceptionlending.com) - [Blog](https://exceptionlending.com/en/blog) [ Apply Now ](https://smart1003.preapprovemeapp.com?CompanyID=5763&OfficerID=300825ortal/5763/300825/Landing) --- Jun 28, 2025, 12:36:16 PM # Just funded: $2.2M cash out refinance for tech founder [ Jackie Cuneo ](https://exceptionlending.com/en/blog/author/jackie-cuneo) Share: [facebook-f icon ](http://www.facebook.com/share.php?u=https://exceptionlending.com/en/blog/tech-founder-asset-depletion) [linkedin-in icon ](http://www.linkedin.com/shareArticle?mini=true&url=https://exceptionlending.com/en/blog/tech-founder-asset-depletion) [Twitter icon ](https://twitter.com/intent/tweet?url=https://exceptionlending.com/en/blog/tech-founder-asset-depletion) [pinterest-p icon ](http://pinterest.com/pin/create/link/?url=https://exceptionlending.com/en/blog/tech-founder-asset-depletion) [envelope icon ](mailto:?body=https://exceptionlending.com/en/blog/tech-founder-asset-depletion) Just funded: $2.2M cash out refinance for tech founder 2:44   Location: Marin County, CA Property type: Luxury single family residence Occupancy: Owner occupied Property value: $8.75M Loan amount: $2.2M Challenge: Client is a veteran founder in technology, currently working on a new startup venture. Greater than 25% share of company ownership generally requires using business tax return income + documented personal income. Company has raised significant VC funding, but is not yet profitable, so tax return income/business bank statements/P&L actually shows a loss. Although client has been highly successful over many years in the space and had accumulated significant wealth and a luxury home, he had very little documented income that could be used to qualify for the loan amount he was seeking. Solution: By using an asset depletion loan, we were able to use approximately $3M of documented liquid assets (stock, mutual funds, checking, retirement, and crypto*) to qualify for a $2,200,000 loan amount, without any other income being considered. Although client was initially seeking $1.5M and had shopped at multiple mortgage lenders for a suitable solution, Exception Lending was able to qualify borrower for a 50% higher loan amount, at a rate very similar to full-documentation loans. **cryptocurrency can be used to qualify for asset depletion loans and many other mortgage types, but must be moved converted to cash or equities, and moved to a brokerage or bank account, prior to final approval.* Interested in exploring similar options? [Contact us here. ](https://exceptionlending.com/contact-exception-lending)   [RIA, CFP, Wealth Management, Financial Planning](https://exceptionlending.com/en/blog/tag/ria-cfp-wealth-management-financial-planning), [Primary Residence](https://exceptionlending.com/en/blog/tag/primary-residence), [NonQM](https://exceptionlending.com/en/blog/tag/nonqm), [Jumbo](https://exceptionlending.com/en/blog/tag/jumbo), [Interest Only Loan](https://exceptionlending.com/en/blog/tag/interest-only-loan), [High Net Worth HNW](https://exceptionlending.com/en/blog/tag/high-net-worth-hnw), [Asset Depletion Loan](https://exceptionlending.com/en/blog/tag/asset-depletion-loan), [Just Funded](https://exceptionlending.com/en/blog/tag/just-funded), [Bank Statement Loan](https://exceptionlending.com/en/blog/tag/bank-statement-loan) ## Thoughts about this post? Please share! ## Related posts [RIA, CFP, Wealth Management, Financial Planning](https://exceptionlending.com/en/blog/tag/ria-cfp-wealth-management-financial-planning), [Primary Residence](https://exceptionlending.com/en/blog/tag/primary-residence), [NonQM](https://exceptionlending.com/en/blog/tag/nonqm), [Jumbo](https://exceptionlending.com/en/blog/tag/jumbo), [Private Money and Hard Money](https://exceptionlending.com/en/blog/tag/private-money-and-hard-money), [Conventional Loans](https://exceptionlending.com/en/blog/tag/conventional-loans), [Bridge Loans](https://exceptionlending.com/en/blog/tag/bridge-loans), [High Net Worth HNW](https://exceptionlending.com/en/blog/tag/high-net-worth-hnw), [Asset Depletion Loan](https://exceptionlending.com/en/blog/tag/asset-depletion-loan), [Residential Bridge Loan and Bridge Loan](https://exceptionlending.com/en/blog/tag/residential-bridge-loan-and-bridge-loan), [Cross Collateral Loan](https://exceptionlending.com/en/blog/tag/cross-collateral-loan), [1031 exchange and Reverse 1031 exchange](https://exceptionlending.com/en/blog/tag/1031-exchange-and-reverse-1031-exchange) ## [I'm getting divorced! How do I choose a mortgage lender to help me complete a spousal buyout refinance or purchase?](https://exceptionlending.com/en/blog/how-do-i-choose-a-lender-who-specializes-in-working-with-divorce-attorneys-and-their-clients) [Jackie Cuneo](https://exceptionlending.com/en/blog/author/jackie-cuneo) Aug 26, 2025, 3:17:26 PM [ Read more ](https://exceptionlending.com/en/blog/how-do-i-choose-a-lender-who-specializes-in-working-with-divorce-attorneys-and-their-clients) [![luxury ocean view home](https://exceptionlending.com/hs-fs/hubfs/AI-Generated%20Media/Images/luxury%20large%20multistory%20modern%20home%20with%20a%20pool%20in%20the%20backyard%20and%20an%20ocean%20view%20with%20lush%20landscaping%20surrounding%20the%20home-1.jpeg?height=200&name=luxury%20large%20multistory%20modern%20home%20with%20a%20pool%20in%20the%20backyard%20and%20an%20ocean%20view%20with%20lush%20landscaping%20surrounding%20the%20home-1.jpeg) ](https://exceptionlending.com/en/blog/cash-purchase-strategies) [RIA, CFP, Wealth Management, Financial Planning](https://exceptionlending.com/en/blog/tag/ria-cfp-wealth-management-financial-planning), [Primary Residence](https://exceptionlending.com/en/blog/tag/primary-residence), [NonQM](https://exceptionlending.com/en/blog/tag/nonqm), [Jumbo](https://exceptionlending.com/en/blog/tag/jumbo), [Private Money and Hard Money](https://exceptionlending.com/en/blog/tag/private-money-and-hard-money), [Conventional Loans](https://exceptionlending.com/en/blog/tag/conventional-loans), [Bridge Loans](https://exceptionlending.com/en/blog/tag/bridge-loans), [High Net Worth HNW](https://exceptionlending.com/en/blog/tag/high-net-worth-hnw), [Asset Depletion Loan](https://exceptionlending.com/en/blog/tag/asset-depletion-loan), [Residential Bridge Loan and Bridge Loan](https://exceptionlending.com/en/blog/tag/residential-bridge-loan-and-bridge-loan), [Cross Collateral Loan](https://exceptionlending.com/en/blog/tag/cross-collateral-loan), [1031 exchange and Reverse 1031 exchange](https://exceptionlending.com/en/blog/tag/1031-exchange-and-reverse-1031-exchange) ## [Cash Purchase Pros and Cons: Tax and Financial Planning Strategies](https://exceptionlending.com/en/blog/cash-purchase-strategies) [Jackie Cuneo](https://exceptionlending.com/en/blog/author/jackie-cuneo) Jul 10, 2025, 1:06:27 PM [ Read more ](https://exceptionlending.com/en/blog/cash-purchase-strategies) [![luxury living room with large windows](https://exceptionlending.com/hs-fs/hubfs/AI-Generated%20Media/Images/comfortable%20pottery%20barn%20style%20interior%20of%20a%20living%20room%20with%20a%20fireplace%20lots%20of%20light%20colored%20couches%20coastal%20themed%20art%20and%20large%20windows%20with%20a%20view%20of%20vineyards%20and%20other%20lush%20greenery%20and%20mature%20trees.jpeg?height=200&name=comfortable%20pottery%20barn%20style%20interior%20of%20a%20living%20room%20with%20a%20fireplace%20lots%20of%20light%20colored%20couches%20coastal%20themed%20art%20and%20large%20windows%20with%20a%20view%20of%20vineyards%20and%20other%20lush%20greenery%20and%20mature%20trees.jpeg) ](https://exceptionlending.com/en/blog/residential-bridge-loans-buy-your-next-home-before-selling-your-current-home) [RIA, CFP, Wealth Management, Financial Planning](https://exceptionlending.com/en/blog/tag/ria-cfp-wealth-management-financial-planning), [Primary Residence](https://exceptionlending.com/en/blog/tag/primary-residence), [Jumbo](https://exceptionlending.com/en/blog/tag/jumbo), [Private Money and Hard Money](https://exceptionlending.com/en/blog/tag/private-money-and-hard-money), [Interest Only Loan](https://exceptionlending.com/en/blog/tag/interest-only-loan), [Bridge Loans](https://exceptionlending.com/en/blog/tag/bridge-loans), [High Net Worth HNW](https://exceptionlending.com/en/blog/tag/high-net-worth-hnw), [Residential Bridge Loan and Bridge Loan](https://exceptionlending.com/en/blog/tag/residential-bridge-loan-and-bridge-loan), [Cross Collateral Loan](https://exceptionlending.com/en/blog/tag/cross-collateral-loan), [1031 exchange and Reverse 1031 exchange](https://exceptionlending.com/en/blog/tag/1031-exchange-and-reverse-1031-exchange) ## [Residential Bridge Loans: Buy Your Next Home Before Selling Your Current Home](https://exceptionlending.com/en/blog/residential-bridge-loans-buy-your-next-home-before-selling-your-current-home) [Jackie Cuneo](https://exceptionlending.com/en/blog/author/jackie-cuneo) Jul 10, 2025, 4:26:49 PM [ Read more ](https://exceptionlending.com/en/blog/residential-bridge-loans-buy-your-next-home-before-selling-your-current-home) --- ## Ready to take the next step? 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