Use of Private Money as down payment for Conventional Loan

[Daniel Lopez]

There is an off-market triplex in my local area that is completely rehabbed and fully rented out. I want to purchase it but I don’t have the 25% down payment to get a conventional loan (non-owner occupied). My creative solution is to use a private money lender to supply the down payment and then qualify for the conventional loan under my own credentials. Does any one know if there are any legal issues regarding this strategy?