Referral for Bank or Credit Union

[Shane C.]

Hey BP,

I just closed on my first deal. I bought the property in cash through my LLC and have a cash budget for renovations. The after repair value should surpass what I put into it by about $20k or so. I'm currently looking to secure delayed financing (or just refinance) based off of the ARV. The first three local banks I spoke to either only finance based on purchase and renovation cost or have a 2 year seasoning requirement to refinance on appraisal.

Does anyone have a recommendation for a specific credit union or bank that refinances commercial loans based on ARV off the bat, or with a 6 month seasoning?

Thanks!

Shane