Need 50-60% 1st position loan to go with my seller carry financing 2nd lien

[Rodney K. Cotton]

I am negotiating the purchase of an investment property in Hawaii. It has two separate dwellings on one lot. One house is a 3br/2,5ba, with full kitchen, and the second house has a 2br/2ba with full kitchen on the top floor and on the bottom floor is a Studio/Ba with Kitchen. The combined rents will be between $7,500 - $8000/month.  

I am looking for a larger loan, about $750k and seller will carry the other $750k on a $1.5M purchase. Are there any investors willing to risk $750k on a $1.5m+ investment property? I prefer not to put any $ down as 10% would be $150k for this project. I could put the 3.5% FHA loan route but not sure if I want to deal with FHA requirements. Any private/wealthy investors out there? Any ideas from the MBs besides the obvious "you still need to put 10% down?" I also have a condo purchase I am working a 50%-50% similar deal that is in the $850k range. Thanks in advance!!

[Rodney K. Cotton]

Quote from @Rodney K. Cotton:

I am the Realtor. Anyways, thanks for input guys. I knew it was a long shot and so will pass on it and keep looking. Thanks!

Quote from @Bill B.:

Considering selling costs to collect on these loans you have to consider 10% down as zero equity. This means whoever’s in 2nd position has negative collateral. Assuming this is an off market deal with no realtors (or the seller would actually have to come out of pocket almost 10% to “sell”.  Imagine you rented it out for a month and then missed a payment and rented for another month. You’re up $15k while one of these two lenders pays taxes/insurance and 1st position tries to foreclose. They either erase the guy in 2nd, or he has to buy out the guy in first. If they want to sell and get their money back they’re out $75k plus real losses. 

You’d be better off asking for a signature loan. 

Ps. $1.5mil @ 6% which should probably be 9-10% would require payments of $8.995 (8% is $11,000) PLUS insurance and taxes. So your plan is to be negative $3-4k per month?