How to reduce down payment on small commercial building?

[Adam Craig]

5000 sq ft Century home converted to office space - currently broken up into 4-5 units in the heart of a trendy downtown area. I want to use part of it for my business and rent the rest.

• Asking price - 275K
• Rehab needed - 60-80K

After I do a cosmetic rehab and stabilize the building I plan to refinance. Will a bank lender allow the seller to finance part of the whole down payment and then provide a rehab loan on top of that? I have low 6 figure income, 27 single family homes, 70K cash reserves, strong credit and net worth.

As I do in single family - I want to use as little of my own cash as possible since it will be tied up for 1-2 years until I refinance.