Thoughts on a Blanket Loan?

[Christopher Oh]

Hello!

This is my first post so my apologies in advance if I break forum protocol. So here goes:

We are in talks to purchase 2 mixed use properties. 

#1) Cash flows well and has a LTV of about 1.42

Commercial unit has long term lease in place

(8) 1 br apartments rented about 10% below market.

#2) Doesn't cash flow with a LTV of about 1.18

3 commercial units with lease terms of 3 yrs, 1 yr and Month to Month, respectively

(2) 3 br units, one of which will be delivered vacant and one which is 50% below market

The market is very hot in this area (Hudson County, NJ) and vacancy stands at 2-3%.

Would a blanket loan be ideal in order to minimize the amount of down payment? I'm trying to do both properties separately but the bank is asking 37% down for the second property (probably not helped because of the short term commercial leases).

Forgot to add that the 2 properties are literally 1 block apart, if that makes any difference...