Rate and Term refi with spouse as lender

[Ray Loveless]

So looks like I just got a property from a wholesaler in South Utah County, Utah (He's sending me the paper work to sign now). I'll be paying cash for the property with a line of credit I have on a investment property I own.  after closing I would like to free up this line of credit quickly so I can do another deal.   

   My Question:  Can my wife be the lender on this property so that I can do a rate and term refi with the bank right after closing?  Typical cashout refi's require a 6 month seasoning period according to my understanding but I don't want to wait that long. Thanks for any help. 

If this is possible should I have a wholesaler send the paperwork under my wife's name as the purchaser or does it have to be in the form of a note of some sort? ( I'm really not sure how to structure this transaction using a "note"). 

Thanks for any help.