Seller Carry Back Financing Question?

[Mark Malevskis]

Hello,

I was wonder if anyone has success in using seller carry back financing on 6-12 unit apartment buildings.

My idea was to get the building financed with my own 20%, but after closing, have the seller carry back 10% with a 10-15 year note.

Are banks open to it or not really? Do you think the bank would have an issue if a lien is put on the property after the close for 10%?

Any ideas would be helpful,

Thank you,

Mark