partial seller/ owner finance 2nds

[Zack Kern]

I am structuring a Seller Finance and Lease Purchase Option Buyer combination transaction. What is it called when a Seller is willing to take back a 2nd mortgage for half of the agreed upon purchase price at 0% and without any payments due until my Lease Purchase Option buyer obtains their own financing? In other words, I want to offer half of the purchase price in cash and the other half I want the seller to carry back a 2nd mortgage but at 0% interest and no payments until my lease purchase option buyer obtains financing.