Is it better to have two private loans or a HML and private loan?

[Saleem Choudry]

I'm looking to invest in multi unit properties for long-term buy and hold and would need help financing. I'm hoping to get it 100% financed, but I know lenders have a maximum LTV which I think can possibly be between 60-80%. However, I would need to somehow come up with the remaining 20-40%. I was wondering if it would be better to do two private loans or one HML (first position) and a private loan (2nd position)

thank you for your help!