How soon can I refi commercial loan after raising rents?

[Nik Krohn]

Hey guys. Would love to have you rate the potential commercial property I'm looking at getting under contract tomorrow. Here are the details

Purchase price 1.6M, 30% down, 3.5% interest rate

NOI is $101,000

The rents care $500 under market rent. There are nine units. I'm hoping to raise rents within the next six months. That will be an additional $3,500 per month.

What do you think of this deal?

My next question is how soon can I refinance the property after I've raised rents to get cash out?

Thanks in advance