Is your local bank lending to value?

[Bret Bordwell]

Every bank I have asked, will only make loans based on purchase price. So, it doesn't matter how great a deal I find, I still need 20% of the purchase price. (plus closing and fees, etc.)

My question is... Am I not asking the right bank, or are there banks that will make LTV loans?
I know I can go hard money, but if my goal is to buy and hold, it doesn't make sense.

Looking forward to many replies.