How long after purchasing Can I Refi? - Commercial

[Matthew Masoud]

So I'm purchasing a 6-unit property in cash.

My plan is to purchase the property at $220,000 (way under market). Do some repairs and raise rents to market rent. Then refi the property (ARV $300,000) and take my $220,000 out. Pretty straight forward BRRRR

I'm about to close on this property so I start calling mortgage lenders to start discussing the refi. The first few I called wanted to wait 2 years before the refi.

How long after purchasing a commercial property does it take to refinance it?

My plan was to refi after I do my repairs and get the rent to market rent. (3-6 months)