Owner Financing--helping to 100% LTV
Setting aside the inherent risk of high leverage, here is my story:
I have a situation where an outright owner is willing to do 80% financing; however I don't have enough capital to bridge the gap :cry:
Is there any way to convert his offer of 80% owner finance to loaning 25% of the purchase price as a second and getting "convential" financing for 75%?
If so, does the lender look at seasoned funds for commercial transactions, etc?
Assuming the economics work at the debt load, what other questions related to this financing arrangement should I be asking?
Just trying to figure a way to use his willingness to bridge a capital gap.