Refinancing with no seasoning period

[Richard Moreno]

My friend has a property he is rehabbing in Detroit and we are at seeing if there is other options to refinance other than private lender. Is there a bank or CU that will refi without seasoning period? Or is that even an issue seeing that renovation started a year ago? 

[AJ Exner]

Quote from @Richard Moreno:

My friend has a property he is rehabbing in Detroit and we are at seeing if there is other options to refinance other than private lender. Is there a bank or CU that will refi without seasoning period? Or is that even an issue seeing that renovation started a year ago? 

Richard,

Most of your conventional sources would ask for a 12 month seasoning, I think you would need to look for a DSCR lender that can do little to no-seasoning, which might still be tricky. Make sure to confirm with anyone you work with that you are on the same page to ensure that there are no surprises going into the end.