Lender in CO that allows early cash out re-fi

[Jenny Bayless]

We are planning to use a HML to fund the initial purchase of a property. We will then rehab, rent, and refinance. However, I have a question on the refinance part.

Does anyone know of any banks (either portfolio lenders or conventional mortgages) that will allow for a re-fi less than 12 months (or even less than 6 months) in Colorado?  Basically I would like to perform the rehab, get renters in and then immediately refinance based on an appraisal.  Is this even possible, even for a portfolio lender?  I know conventional typically require 6-12 months.

This will be property #6 in my name alone, but I am able to qualify for Fannie/Freddie loans. If I do private/portfolio, I am just looking for the rate to be reasonable (not HML-type rate).

I know that we aren't allowed to give out referrals in the forum, so please send me a PM if you know of anyone who might be a good fit for what I am looking for.

Thanks

Jenny