Confused about the rules for refinancing after HML or private

[Tristan S.]

Hi Guys,

Currently working on a deal in Houston and looking at different financing options. I need someone to help me understand the rules and regulations around the refinancing process (into long term, conventional, fixed rate) after a private or hard money loan. I keep hearing opposite information on the subject : "seasoning", "no seasoning", "use of ARV for refi", "use of sales price", "yes it's possible", "no it does not follow general fannie mae/freddie mac guidelines".

I need to understand where the truth lies and what rules are your answers based on. 

Thanks a lot for clarifying all this.