Bridge & Construction

Delayed Financing Exception (0–180 Day Cash Replenishment)

Refinancing an all-cash investment property purchase within 0 to 180 days of acquisition to recoup purchase capital + documented rehab.

Underwriting Formula / Rule
Max Delayed Financing Loan = Min(75%–80% Appraised Value, 100% HUD-1 Purchase Price + Documented Rehab).

Detailed Credit-Committee Impact & Thresholds

When an investor buys a property with cash or a private bridge note, Delayed Financing allows an immediate cash-out refinance before the standard 6-month title seasoning window, capped at the lesser of 75%–80% of appraised value or 100% of documented cost basis.

2026 Wholesale Benchmark: Available Day 1 after closing across 25+ wholesale DSCR shelves.

Related Underwriting Terms

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Delayed Financing Exception (0–180 Day Cash Replenishment) — Underwriting Definition & Formula | Stephen R. Mannenbach, J.D., MBA | Stephen Mannenbach