Can You Immediately Refinance out of Hard Money?

[Kayla Oliver-Pratt]

We brought our first buy and hold property a month ago with hard money @ 14% & 4 points for 12 mos. We would like to refinance out of this loan and into a long term better rate ASAP; however, one mortgage lender told me that they require at least 6 months seasoning before they can refinance. Has anyone experienced this before and is it possible to get long term financing without a seasoning period?

[Harjeet Bhatti]

@Kayla Oliver-Pratt  You can refinance as rate and term any time but if want to cash out you have to wait 6 month under conventional loan.