Refinaning hard money Loan?

I am using a hard money lender for a home purchase and repairs, is there any lenders that
will do cash out refinance on the home using the appraised value, without seasoning requirements.

There are a still lenders available that will do the no-seasoning cash-out. However as of December 1st the seasoning will be a minimum of six months, and the property limit will be four. So you better hurry.

christopher w - what is happening on December 1st that will cause the change? I talked with a lender yesterday and she said that they do cash out refinance up to 80% of appraised value - 90 days seasoning, no property limit. Just curious to understand what is happening on December 1st that may change that…

Thank you.

http://www.reiclub.com/forums/index.php/topic,38443.0.html

Thank you.

My understanding is that the four financed property limit is a Fannie Mae conforming guideline. Freddie Mac still has a 10 financed property limit and probably will still have a 10 property limit on December 1.

Dave,

Freddie Mac went to four properties last year.