Short Term Hard Money Lenders

[Casandra M.]

Hi Everyone - I've been reading through this site to try an absorb as much advice, lessons, and financing information as possible, but haven't found any answers for my exact question.

I'm interested in finding hard money lenders to finance larger down-payments on multi-family units (loans of 60K or less). From what I've read, people are only using hard money lenders for the full sale price of units. 

Is it uncommon to only have hard money for the down payment, and to do a traditional financing option for the remainder? I was hoping I'd find support for whether or not it would be a good idea to get hard money for a 25% down payment, traditional financing for the remaining 75%, with all profits (rent less both loan payments-HML and traditional financing, prop tax, insurance, and 10% maintenance fund) going to the hard money lender under the loan is paid off.

Any guidance would be great. Thanks in advance!