Seasoning requirement on long term investment loan

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Hello,  I want to purchase an investment property using hard money then do the repairs on the house and then refinance the property into a long term loan.  I just spoke to my lender and he tells me that there is a one year seasoning requirement on the refinance.  Meaning, i in order to finance the property at the after repaired new appraised value i would have to wait a year.  I wanted to know if this is normal...i know there are lenders that don't require this 12 month seasoning.