Title in HML's name

[Tracey Williams]

A local HML discuss his lending program at an REO meeting recently and am just wondering if this sounds normal.
When you have a deal:
The purchase and title will be in his company's name at closing and he will then sell to you on a land contract for 12months. 10% ~15% interest only with 10- 20% down payment.

My question is , will I be able to refiance this house with a bank after 12 months since the title is in the name of the HML and my intention is to keep it as a rental unit.
Thanks for sharing your thought
Tracey.