Refinance Hard Money Loan

[Rudy Manna]

I am buying a fixer with hard cash loan. HML is giving me 90% of purchase price and rehab cost as well. When I refinance with a bank in few month later will the bank lend me 80% of purchase price or it can be 80% of ARV (expect ARV to be 30% higher from purchase price). In other words will the bank refinance the entire HML in this scenario, or just a portion of buying price.

Thanks in advance.