Refi Seasoning - Multi Family?

[Steve K]

Are the refinance seasoning requirements the same for a small multifamily property as they seem to be for residential, ie 6-12 months?

I'm making an offer on a small multifamily non performing note and will negotiate with the seller to transfer title in lieu of chasing the deficiency, or worst case just foreclose.

My question is will I be able to do a cash out refi in this situation or will I still need to wait the full term? Would a local bank or credit union waive this requirements since they're lending their own money?