"Trading Properties" for a down payment on Multifamily?

[Daniel Dietz]

Hello, 

There is a medium sized multifamily that just came on the market that I am interested in at least exploring the possibility of purchasing. They are asking 675K for an 18 unit that bring in about 120K per year. 

We currently own 2 properties in a 3-way LLC with all 3 partners using SDIRAs. There conservative value is about 200K and we own them free and clear.

We would need to go to a commercial non recourse lender who seem to want about 30-35% down.

Is there a way, if the sellers are willing, to 'trade' those properties as the down payment that would satisfy the lenders requirement? 

I dont think the sellers would be interested in doing any owner financing as they have only owned it for less than a year, but I am going to look into that too.

Thoughts? 

Thanks, Dan Dietz