Creative Financing - Seller financing with house deeded to LLC

[Melinda Ching]

Hi all,

I'm new to the creative financing world of REI. My partner and I are talking with a seller about possibly seller financing a property to us. She claims that because the multifamily is owned by her business (an LLC), she can't owner finance it.

Is this true? I don't think it is... she also has a mortgage on the property, so our hope was to buy it subject to, take over her mortgage and then have her seller finance the remaining equity to us.
Does anyone know if a house is owned by a seller's business, can it still be owner financed? Any other thoughts? We are totally new to this. Thanks in advance!