Does refinancing require an inspection?

[Whitney Breedlove]

Hey guys! I'm getting close to pulling the trigger on a 1960's buy and hold home. I'm going to be using hard money to purchase the home and will refinance once it's fixed up and rented out. When I go through the refinancing process, will the bank require a passing inspection? The home will be in great condition for a tenant, however I'm worried that once an inspector gets in there, it would be expensive to make all the updates required to pass the inspection.