Creative Finance Pros - Seller Carryback w no money down deal

[D Kirk]

Hi,

I've been researching seller carry back financing for multifamily, and have talked to a few commercial lenders willing for the seller to carry the down payment for a apartments. My question is once I have a deal signed for an apartment with seller carrying back down payment I need a partner/guarantor which would help qualify for bank loan with their income and cover closing costs.  I'm not sure if most investors would be open to this deal structure for equity if I presented this to them. The biggest challenge I see for this is risk for the equity partner because the bank would be in 1st position, seller would be in 2nd position, and equity partner would have to be in 3rd position.

How do I get a guarantor aboard for the deal? And do I have to close this deal with short term private money lending first then get the equity partner in afterwards?

Any creative finance pro's know how I would structure this with what I want to do here with the seller carryback?