Hello,

I'm purchasing a FSBO, $485k purchase price in florida, single family, investment loan. Seller is fine being in second position to the bank with a $95k note, interest only, 7 year balloon, no PPP.

Current bank i'm talking with offers great rates but still wants 15% down of my own money.

Looking for better. I've called local banks and loan officers are asking around, but not finding much.

I would've thought that the seller note would at least halve my portion for the down payment (going to STR it part of the year so need cash for furnishing etc.)

Would love some guidance on who to reach out to, or if the deal with 20% seller financing won't fly.

-Allison