Down payment advice?

[Robert Painter]

Hello,

I have found the perfect investment property. It's zoned commercial with a residential permit. It's on 2 acres of land and includes 5 buildings. It has 2 residual building with 3 units each and a 32 car garage currently being rented out as a sign business. Rents are extremely under valued at this time as the current owner is renting space mostly to family. Despite the low rents it's still bringing in over 7,000 a month.

Rents can easily be raised and it's got lots of space to expand.

It's priced at just under a million and with current rents has about a 7% cap rate.

I have great income and credit and can easily get a loan for this.

Here is the problem I need advice on.

I don't currently have the full 20 percent (200,000) down payment the bank wants to see to fund me.

I plan to sell another property i have and refinance my primary home. If I can get that done quickly and Add that to my cash assets I estimate I can only come up with about 100,000 about half what I need.

I can't get any kind of lone that will show on my credit as it may stop the bank funding.

I do have an LLC but it has no credit except a bank account and a $7000 credit card.

I did ask my realtor to see if seller would consider taking an owner financed second for the remaining down payment but that seems like a long shot.

I really want this property and I'm afraid that if I don't hurry I may lose this opportunity.

Any advice or help would be appreciated.