Yes but it's not easy. I decided to drop a weight class for a PL meet and was in a similar situation.
Of course, since you're not prepping for a competition, it's a little easier. The best method I've found is carb cycling.
I'm assuming a 4-day/week PL-style training protocol?
Stay low carb/low calorie on your three non-lifting days and do a ton of slow cardio like walking. These days must be below maintenance calories.
Go moderate carb/maintenance calories on your DE days. Carbs at breakfast and PWO only.
Go high carb/slightly above-maintenance calories on your ME days. Carbs at breakfast, meal before workout, and PWO.
You can make strength gains this way, but keep in mind your goal is to lose fat...SO...your total weekly calorie intake must be less than what you expend.
This is just an idea...there are many more.