Most lenders don't make loans without knowing what the borrower's plan for repayment is.
If the borrower's plan is to fix and flip or simply to flip it without renovations, with a refinancing only if "Plan A" doesn't pan out, you report it because "Plan A" doesn't involve a refinance into a perm loan. If Plan A is to refi to a perm loan after six months, you don't report it, and, if the borrower changes their mind and sells the property and pays the loan off without refinancing it, you still don't report it.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8