Does this type of mortgage product exist?

[James McGovern]

I am looking to stage a cash-out refinance to occur the same day I close on a property. I want to dump all my capital into a lucrative foreclosure property where on closing I will own it 100% and then immediately have a cash-out refinance the same day to extract some of my capital back out.

[Robin Simon]

Quote from @James McGovern:

I am looking to stage a cash-out refinance to occur the same day I close on a property. I want to dump all my capital into a lucrative foreclosure property where on closing I will own it 100% and then immediately have a cash-out refinance the same day to extract some of my capital back out.

 There is "delayed financing" options where you can do this but its usually not same-day.

However, what you are looking for is probably a hard money lender that does not require appraisals - this allows quick closes and functionally the same as cash offers (and pretty much what you appear to be looking for)