Purchase a percentage of commercial real estate

[Tzook Bar Noy]

Quick question on purchasing a part of a property.

- We have a property owned by 3 partners, with NO debt, property value 3M

- one of the partners wants to sell his 33% for 1M

- I want to buy his part in the price of 1M

- but I will surely use debt, so that means that bank would like to have my part of the property

- the other two partners  who dont have debt now will have the bank partnering with them with me.

How does this kind of sale happen?

I know there are sales of percentage in the commercial properties, but just cant get my head around the mortgage side.

Thanks!