Delayed Financing in TN?

[Kim Booth]

I am looking for a lender that will do delayed financing for a vacation rental home that we purchased in Gatlinburg, TN a few weeks ago. We paid cash for the cabin (we purchased as a REO from a bank at about 65% of market value) and are looking to cash-out finance about 60% of the purchase price. The local lenders I've spoken to are all saying that they would require 90 days' seasoning to finance, and that since this is an income property it would be difficult to underwrite as a Home Equity loan. I thought I read about a Fannie Mae "delayed mortgage" or "delayed financing" product that was designed for exactly this purpose but cannot seem to locate a lender that knows anything about it. Any help would be appreciated! Thanks.