Need a lender for down payment for a 24 unit purchase!!!!!

[Joe Partington]

Hello,

I found a gentleman willing to sell his whole portfolio (10 duplexes and a four-plex.)  He wants 1.8 million for it.  All units are in good condition. We need to come up with a down payment of $360k.  The wife and I have $160k, so we need another $200k to be able to purchase the properties.  Each unit rents out for $750 per month.  So it brings in $18k per month.  Our bank estimates our mortgage at 20 years to be around $11,500.  I am  a contractor so I can do all the repairs myself.  I own two duplexes and manage 10 units for a friend on the side, so I have experience and wouldn't be jumping into this. This seems like a heck of an opportunity and I'd hate to see it slip by.  All the duplexes are in their own sub-division so thats huge.  What should I do to find the other 200k needed for the down payment.  What are my options?   Advice is welcome. Thanks in advance!!

[Dax Gurr]

Will he do like a 5 year seller financing until you can build equity through labor / remodeling or mortgage pay down?