Hey Lenders and NNN Investors I have a question on financing

[John McKee]

I've been told it's possible to put 15% down on a property instead of the usual 25% by using collateral.  Let me know your thoughts!!!

$5,300,000 Purchase Price

795,000 15% down

530,000 10% equity to come from an investment property I own outright.  Bank will take 75% of appraised value as collateral

$4,505,000 Loan amount 

24,405 Monthly Debt of Loan (assuming 4.25%/25 year am) 7 year term to match Leases

26,500 Monthly income NNN

2,095 Monthly Profit

Property is NNN lease mini strip facing a busy highway in a commercial corridor. Stores are a pawnshop, mattress store, and a Mens Big and Tall Store.

Let me know your thoughts on a deal like this?  Good, Bad, Indifferent?