Financing Options to Pair with Assumed Loan on MultiFamily

[Demetrius Davis]

I’m considering a multi-family building in the Chicago area that has a Fannie/Freddie type loan in place at a very low interest rate. After assuming the loan, there is still another $600k that I would need in order to come respectfully close to the asking price. I don’t have access to that amount in cash, but could pull together $250k +/- personally and through money partners. What are my options for satisfying the remaining $350k? Are there lenders who will take second position liens on these kinds of deals? What are my other options besides seller financing to put together the capital stack?