Refinancing after stabilizing

[Ben Rishwain]

Good evening! I purchased a 10-unit complex in California with a hard money loan. I have since stabilized the property and am interested in getting a longer term loan on the property. Does anybody know how long the property needs to be ‘seasoned’ in it’s stabilized condition (meaning current incomes) before you go to a bank for a refi? Do I need 12-months of stabilized rents, 6-months or will the simple fact that rents are at the new rate be adequate to get a full value for the property?