Getting my next deal and help with financing

[Khalid Elshowaya]

I just want to emphasize how incredible this community is.  I recently just bought my first rental property and I am working on financing my second one.  Since I did not have the cash to buy this rental that is cashflowing 12K+ per month on a college campush for the past 30 years I offered the seller this deal. He said he would be willing, but I need to find a way to come up with the downpayment from the bank.  

Does anyone know a bank that will be willing to allow me to put down less than 20% if I can prove the property cashflows well? If not is there any way that I can raise the capital to have the 20% down in 5 years?

Seller Financing Offer

Sales Price: 1,650,000

Down Payment: 0

Interest Rate: 3.5%

Monthly Payment: $7500

Length of Term: 30 Years

Loan Term: 5 year balloon