Refinancing investment property, plus extra cash for down payment on additional investment properties (not identified). I can't remember if the cash out would be reportable in general since intent is to purchase. If so, then this loan would be reported as a purchase, right?

Under current HMDA, purchase trumps refi and a property does NOT have to be identified. You know that's what they intend to do with the money so document your file and mark it as purchase for HMDA.

Thank you, that was kind of my train of thought. Just couldn't remember if down payment loan is reportable or not.

Don't understand 'down payment loan'.
It's a cash-out refinance to start but it turns to purchase for HMDA because that's what the cash out will be used for.

down payment loan=funds used for down payment. My hold up on it was the fact that the additional funds are only used for a down payment. Even though I know the intent of the funds are to ultimately go towards a purchase, I wasn't sure if funds just to put a down payment would qualify as a purchase.

From Appendix D to GIR: Second mortgages that finance the downpayments on first mortgages. If an institution making a first mortgage loan to a home purchaser also makes a second mortgage loan to the same purchaser to finance part or all the home purchaser’s downpayment, the institution reports each loan separately as a home purchase loan.

That's not what this is tho, hmdagal.
The OP said they're refinancing their current mortgage with additional money out to use as down payment on a future purchase.
So first glance this is a refi till you identify that the cash out is either purchase or HI which would trump refi. (in current HMDA only)

George seemed to be looking for confirmation that if funds were used for a down payment on a home the application was reportable as a purchase. While his specific scenario was a little different from the example, I thought the information may be helpful.

hmdagal, you are correct, I was looking for confirmation so that I report my particular loan correctly. Truffle, you have also been a tremendous help, I appreciate you both!