seller finance question

[Fernando Marquez]

I have a property that is full rehabbed looks great but in a rough area of town.

I purchased the property through my wholesaling process but decided to rehab it.

I have a couple that is willing to put down 20% and pay off in 60 months, the numbers work great.

They will pay the taxes and insurance costs.

I now want to go to my lender and get a loan against the property pull that money out and do it all over again.

Because I will hold legal title till after it is paid off and because I will have my lender on the insurance policy how do i structure this deal and what is this type of deal actually called?

The contracts that I have seen that were contract for deed with owner financing do not exactly cover what i want to do with going back and getting a loan to pull out money from the property

Thanks