Refinance in 6 months using value rather than purchase price

[Sherri D.]

Anyone know of anyone that does refinances of properties that are owned for 6 months that would base the LTV% on the actual value rather than the purchase price? I find it odd that it's been so difficult to find. Hypothetically, if I purchase a 5-10 unit complex for $20,000 that is worth $100,000 so 20%LTV and need to refinance to pull more cash out, or refi for any reason in 6 months I'm trying to understand why I couldn't. Every company I've spoken to would only provide a refi for 65-80% of the purchase price even though the property is actually worth a lot more than that. Anyone know of a company that would provide a refi on the value and not the purchase price when needing a refi in 6 months?