Financing Question - Cash to Conventional

[Joel Shupe]

Hey all, newbie question here:

I have identified and negotiated a solid deal - numbers beat my targets, and I would hate to let this one slip away.  The gist of it is that the seller wants a cash deal, and doesn't want to wait for my conventional financing to go through.  The question is this, if I were to borrow the cash to complete the deal, could I then instantly finance/refinance the property into a conventional loan?

Follow up - by doing a cash deal upfront, would I save the seller any closing costs that I could exploit to lower my offer?

Appreciate the insight!

Joel