Cash Out Refi in DFW - LTV Limits

[Scott Sloan]

I plan to close on a quadruplex next week in Dallas County with cash. I would like to do a cash-out refi in about a month or so when I finish some renovations. After convincing two lender that a "seasoning" period isnt necessary when the property is bought in cash as an investment property, I am now being told that there's a max 70% LTV on a potential refi. Is anyone else seeing this or know anyone who can do a 75% or 80% LTV refi on a quadruplex? This is for a conventional Fannie/Freddie residential-type loan.