Refinancing a hard money loan

[Steve Rogers]

Hi, I'm interested in taking out a hard money loan to fix up my house.  I know that they have usually have interest rates around 15%.  The reason I'm looking into this is because I won't qualify for a second mortgage

My house needs repairs and I also have a credit score around 600

I was going to take out a hard money loan for 65K, pay the interest for the next 8-10 months and once my credit score is in the mid to high 600's and my house is fixed up, would a bank refinance my hard money loan? Pay off that 65K and I would just make payments to them instead? 

My house is paid off and fixed up it's worth around 100-110k