BRRRR - Cash Out Refinance

[Soteris K.]

BRRRR

Bought a property for 120K.  Appraised value is 240K. (yes i lucked out as a newbie.. or at least i think i did).

Used hard money to purchase it.  96K hard money loan and 24K of my own cash for 20% down payment.

repair cost was 35K.  I used my own cash instead of hard money draw for repairs.

so now i have 55K of my own cash in this deal and 96K hard money. title is in my LLC.

i want to refi for 155K. to get my cash  out and repay the hard money and rent it.

I am being told by reputable lender that:

1 - cant refi under an LLC. need to transfer title to my personal name.

2 - cant refinance until after i have owned the property for 6 months. (combined time under llc and personal) i think that is called the seasoning period. Federal guideline for all loans?

Since this is my first time doing BRRRR... is this information accurate?

the hard money loan is going to accrue interest for 3 months while it sits there not being able to get refinanced, and of course there is always the risk of the loan not going through.

Help.....Need some advice from seasoned investors.  do i build in 6 months of accrued interest on my next deal and not purchase the property under the llc to begin with?