House hacking is an awesome way to leverage a low down payment to build your multifamily portfolio.  

Hi - I have a second / vacation home in upstate New York which had an issue and is under maintenance for almost two months.

You can get no seasoning on a DSCR refinance, but low seasoning is going to affect the rate. 

@Robert-Lee PassWhere can you get an investment loan with that low a down payment ?

I think I understand your desire to take out a low interest loan, then lend out that capital to your builder at a higher rate of interest, pocketing the spread as profit.- What rate are you intending to acquire your loan?

They all have very low loan minimum amounts.

Some of them are an hour away and, despite his superior skills in maintenance and management, he hates dealing with them sometimes.I think two hours away is too far.

Usually, with a low LTV you may get prime less a point and a high LTV maybe closer to prime plus one it always depends. 

So, hard money would encompass most if not all of the following characteristics: not credit based, loan amount based on the value of the hard asset offered as collateral, high interest rate and high points, short term loan, relatively low LTV, low documentation requirements, non cash flowing properties still considered. 

Quote from @Bonnie Low: I think you've captured it.