How to get a bank to do a refinance for BRRRR?

[Paul Sterman]

Hi,

My local bank said they will not refinance a BRRRR without me leaving 20% hard money in the property even if my improvements increase the assessed value by more than 20%. Seems to paralyze the BRRRR method.

Can anyone suggest a bank that will allow me to cash out on the BRRRR? Looking in North Carolina (if that matters).

Thanks!
Paul