HELOC as Down Payment on Commercial Property

[Michael Hayes]

I've seen many in different forums, but still trying to find an exact answer on this. I know a HELOC can be used as the 25% down payment for a residential property, but how would a Commercial Lender view using a HELOC as 25% down payment on a Commercial Property? Excellent credit, > 12 months reserves, net worth greater than the entire purchase price. If money is tied up in other investments and the proposed Commercial property would cash flow with essentially 100% financing, would the lender be OK with this strategy?