8-unit commercial refinance advice

[Nathan Wierzgac]

I've recently put under contract a property in Fayetteville, NC that was turned from a quadraplex into an 8-unit. I'm aware now that the ARV is going to be based off my markets cap rate and NOI but since there is no track record of previous income as an 8-plex how would that play an effect on the ARV or acquiring a commercial cash out refinance loan?

What is the seasoning period needed to show NOI for the cash out refinance for a commercial property??