Seller Carry Back Doesn't Exist?

[Chris Ruoff]

Hey guys, I a working with a community bank and a commercial mortgage broker on small (20ish unit) multifamily property. Both of these people say seller carry back with a bank or agency loan doesn't exist... what am I missing when I see people doing this?

I am under the impression that some are doing this wether it be 30seller/70bank or 10equity/20seller/70 bank.

Anyone know who finances this way?

Thanks!