How to combine 2 loans?

[Taras Kokhman]

Hey everyone! I came across a valuable deal in Miami, FL. Its nice cash flowing 5 unit commercial building that is fully occupied and has about 6k income a month. The rents are below market price, so we can do minor renovations, increase rent to about 7.5k a month and increase property value.

The seller accepted our offer of 800k and willing to finance 500k for 5 years. We are looking to finance other 300k to make a purchase. The end goal is to fix up the property, increase value and refinance within 1-2 years and hold it. 
What are the beat ways to finance remaining 300k ? Thank you 

[Greg Dickerson]

You need to keep the seller in the second position behind the bank. If they are unwilling to that you will need to raise the rest of the money from an investor or investors.