Rate and Term Refi After Hard Money

[James Keeton]

Long-time reader, first time poster and investor. In the middle of BRRRR rehab with hard money financing purchase and some of rehab. Plan to eventually cash out refinance with conventional loan in 12 months, but looking to get out of my hard money situation to save on holding costs. Can I use rate and term refinance to pay off my hard money principal (including rehab portion) until the 12 month seasoning period until I can cash out? I realize this will include 2 closing costs, but would be more to hold and pay interest on hard money loan. Appreciate the BP community collective!