Seller Financing Cash Out?

[Chris Russell]

Hello all, I had a funky question. This is as creative as it gets so not sure if it's possible. Currently have a property seller is holding the note for me, can I do cash out refi through him having him hold the note???

So numbers : Seller holding the note for 50k over 6 years, ARV is about 220k, want to cash out say create a 175k note and pull out 100k of cash

Hope that makes sense and is clear