Private/Hard Money Refinance Question

[Cole Britting]

I've heard a few things about a six month time period before you can refinance. I am not sure if this is just for refinancing a conventional 30 year loan into another one, or if it applies to refinancing a private/hard money loan.

I'm thinking of this in terms of a BRRRR. If I have a hard money loan and can finish the rehab within a month, do I have to wait 6 months to refinance? Or can I refinance as soon as I am done my rehab?

Thanks all and hope everyone is staying safe!

[Daniel Molina]

@Cole Britting The seasoning requirement is not a steadfast rule for private lenders/HMLs. It is a good guideline to have either improved on the property with documented proof. In your case, refi should not be an issue. keep in mind if you want anything long-term, most lenders will look at a DSCR. If your property is not stabilized and cash-flowing you may not be able to get anything longer than a bridge loan as was mentioned by @John Morgan.