Advice on Structuring Seller Finance for Downpayment on traditional loan?

[Scott Weigel]

I've got a deal under contract in Durham. The seller is willing to seller finance the downpayment.
Traditional financing is 70% LTV. Seller Finance 30% second position lien on the property.
Does anyone have advice on respectable seller finance terms (term, interest rate offer, contractual language you recommend) and lenders within NC that would be comfortable with this structure?
Thanks.

[Andrew Postell]

@Scott Weigel if I am following you correctly you are borrowing 100% of the value of the home? Is that correct? If so, that's not anything that is possible to do on an investment property. That's EXTRODINARILY hard to do on a primary home - and those are way less risky. If you can buy and rehab at 70% of ARV - that's possible. If you have more details on the deal we can analyze it but it doesn't sound like something that would be possible.