Private Lending Pre-payment penalties?

[David Mayeranderson]

For my next Buy & Hold, I've determined that I can likely get a better deal with an all cash purchase from a wholesaler, rather that from the MLS. If I use a private lender to fund and have the property rented and ready to refi into a lower interest conventional loan, am I likely to encounter a pre-payment penalty from the private lender if I can refi within a few months?