Florida Rentals - Refinance to Conventional Loan 85% LTV?

[Griffin Goudreau]

Are there any lenders out there that can provide a cash-out refinance for an investment property at 85% LTV?

For example, I have a property worth 200k. PP = 110k + Rehab = 30k (All-in 140k). We want to keep it as a rental but the loan companies I'm talking to won't budge from a 25% down payment upon the refinance, leaving a small margin to avoid coming out of pocket when paying off the hard money.

I am a new investor and obviously need to do my homework but any insights will help!