Help finding bank to complete last half of my BRRRR

[Christian Wathne]

Hi Everyone, 

I'm nearly complete with my full rehab of a SFH I purchased for $215,500, put approx $60,000 into for rehab and holding costs, and has an ARV around $330,000. Hard money loan for $200,000, the rest of the cash I put up myself. Original plan was to sell this property as a flip, but I'm exploring the option of BRRRR'ing since my long term goal is to grow my rental portfolio.

I understand my margin's are slim so I may not be able to pull 100% of my investment out when I do a cash out refi. If I could get 80% of my $330k I'd be happy. 

I'm having trouble finding a lender who will do 80+% cash out refi without a long (6+ months) seasoning. Do any of you have banks you can recommend? BofA wont do a cash out refi until we've owned it for 6 months (we're just under 3 months now and will be complete with rehab in 2 weeks, dont want to wait that long). We're in the Seatle Washington area. 

Current finances are...own one other home (using this as a cash flowing rental, will be my primary home in a couple years when we move back to the area), value=$700k with a $365k mortgage at a 3.1% interest rate so hoping not to refi this because the rate is so low. Strong w2 income from both my wife and I so qualifying for payments is not an issue and fico scores around 800. 

[Jason Johnson]

Hi Christian, what's the term on your hard money loan?  Perhaps you can heloc your other property to close out the hard money loan while you get your rehab property rented and wait on the seasoning period to expire.