Question about refinancing a HML into a traditional/DSCR loan...

[Faiz Kanash]

Hello!
Just a question to see if this is doable... Is it possible to refinance a hard money loan into a traditional/DSCR 30 year loan if I don't have that much equity in the property? Not a cash-out refinance, just a general refinance. For example, I buy a 4 unit using a hard money loan(Interest only 12 month) but only put 5% down on the property, and after finishing fixing it up I want to keep it for rental income. But, would I be able to get a traditional/DSCR loan on it if I only have 5% equity in the property, or would the lender require me to put down additional money onto the property?

Thanks!