How would you negotiate this?

[Anthony B.]

I found a 22 unit apartment casflowing about $291 on actual numbers from the past 12 months. Its about 1m. Here is your scenario: you work a deal where you find a lender doing 75% First, and Seller carrying a 20% 2nd. You need to find 5%. You find a private investor willing to put down the $50,000 grand needed.

What terms would you seek to get with the investor putting the 50g's down? Length, Interest Rate, Etc. Would you do a JV, or just secure the note to the property and have your LLC as the soul owner?

Thank you