Writing a Purchase Agreement with Seller 2nd Position Carry

[Joel Florek]

Looking for some quick help. 

I have an 8 unit under verbal contract. We are going to have the seller carry a 2nd position loan behind the bank. Seller financing will be for 10% of our purchase price, bank will lend the other 80% and I will bring the rest to the deal. Have both the seller and the bank ready to go. 

Only issue is the realtor is unsure of how to write up the contract. This is actually deal #2 like this for me. Only issue is the purchase agreement put together on my first deal wasn't actually correct in the language it used to describe this purchase so I cant use it as reference. 

If you have experience or can point me in the right direction for getting the correct language to go into a purchase agreement it would be a huge help! 

Thanks BP nation! 

@Gino Barbaro maybe you have a minute to chime in and help on this. Your advice and help has always been appreciated!