Hard Money to Conventional?

[Bud Dwyer]

I recently fell out of escrow on a property, where the seller did not want to do the necessary repairs to bring the property up to appraisal standards. 

I'm still interested in buying the property, and I wanted to run a scenario by any knowledgeable person.  Say I get a Hard Money loan for $160k($130k + $30k for repairs) fix the place up, then get an appraisal after all repairs are complete.  If the appraisal comes back at $200k can I refinance the property to the full amount with ZERO money down, pay back the Hard Money lender, and pocket the difference?

Also, is it possible to get a Hard Money loan at %100 LTV.

Thanks