Friendly Oregon lenders?

[Dennis Adams]

I am interested in a property that requires a cash purchase because of a structural issue with the house.  If I were to buy the property, my intention is to occupy it.  More specifically, what I'd like to do is immediately fix the structural problem and then do a cash-out refinance. This would quickly return most of my cash to me, which I need in order to complete a fairly extensive renovation prior to moving in.

The problem I'm running into with my current lender is the timing.  Even though I intend to occupy the property, they require that I already be in residence before they will close on the loan. That means that I have to either: have enough cash to make the purchase and do the entire renovation (I don't) or move into a house that isn't yet adequate and live in a major construction project for the next 6 months (I don't want to).

Is anyone aware of a lender that will do a cash-out loan without requiring occupancy prior to closing?