Cash Out Refinance Seasonal Period

[Gabriel Garcia]

Hey All,

Needing some information/assistance.

Purchased a 4plex 30 days ago for $350k, it appraised as is for $400k.

Only one unit was occupied and rented out at $600.

We’ve since renovated all the units with our own money and have 4 leases in place at $950 each.

We’re on day 35 on having this loan and interested in knowing if there are lenders that would do a cash out refi at a 80-90 ltv, without a seasonal period?

How will it appraise if from a comps standpoint there hasn’t been any other 4plexes that have sold since the time of purchase?

Thanks in advance.