Fannie Mae Cash Out LTV and Seasoning
Does anyone have a suggestion how to get around the Fannie Mae 6 month seasoning and 70% LTV requirements for cash out refinance on multi-fam? I have a duplex that am trying to follow BRRRR strategy but running into this lending rule hurdle for a conventional refi for the long term hold. I used a hard money loan with 70% ARV to fund the purchase and rehab. I was hoping to get to 75% LTV from cash out refi after the 2.5 month rehab.