Funding Down Payment of Seller Finance Deal

[Janell E.]

My partner and I have found a deal that includes 18 units for $1,168,000 with seller financing 25% down, 5% interest, 5 year balloon, 30 year amortization schedule. We need about $320k to allow for some reserves. We had an investor express interest, but he has never invested in real estate like this and got cold feet. We have since reached out to friends/family to see if they would be interested, but nobody has really committed. We're now trying to think creatively and would love some input. We thought about hard money.. wondering if there are non-traditional loans that fund down payments? This is a really great deal... we just don't have the down payment money secured yet.

[Eliott Elias]

Get the deal in front of real investors, not friends and family who don't understand what they are looking at.