How to use my credit/loan but business partner's downpayment?

[Harry Zhou]

Looking for any experience / advice:

I run into a good deal but my funds will be tied up in other investments at the time. Business partner has cash and I am wondering if we can use my credit to apply for a loan but partner's cash (can be funded to me after the closing because I have enough balance in the bank) as down payment.

Has anyone done this? Where are the resistance? From the mortgage/loan or from the title company? If you can refer me to some title company and mortgage provider, that'll be great.

Property is in Indianapolis, IN

[Ned Carey]

It is the lender that  may have problems with this. But sine you have the cash, it may not be a problem at all if he is loaning you money after closing. 

You can also put you partner on title with you or create an LLC that you are both owners of. As part of your partnership agreement or LC Operating agreement you can split profits however you choose and you can have a buyout agreement so the partnership/ownership does not have to be permanaent