Any banks that allow seller financing as equity?
I have a question. I been negotiating with the owner of a commercial property. It cash flows very well and the owner wants to sell due to his age. I was going to use my own equity, but then he wanted a higher price. So he threw out the idea that he could seller finance the whole equity portion. I was wondering are there any banks out there that would accept this piece as equity or downpayment. The property is $3.7 million. He is willing to seller finance 750k. Are there any conventional/private lenders that would provide the remainder. I am fine with full and personal guaranty. Also I have a very good net worth and specialize in these properties. The property has NOI of $400k, and located near DC in a nice area.