BRRRR - ReFinance Lender needed

[Beau Fugitt]

I just completed the BRR part of a SFR project in Sherwood and now that I have tenants in the home I need to refinance. The lender I've used in the past said he can't refinance until I've owned the property for more than 6 months. Anyone know of a local lender that will refinance before 6 months?

[Seth Engelbrecht]

Hey Beau, the 6 months seasoning period is a Fannie Mae requirement and a requirement for some in house lenders. If you are looking to do commercial financing call around to small local banks and you should be able to find someone that doesn't require you to wait. If you are looking to do long term fixed rate financing on the secondary market you are probably going to have to wait out the 6 months.