Owner Financing the Down payment

[Michael Brown]

I am in the process of buying a building in Jersey City, NJ. I am not able to come up with the full 30% down payment. But, I can come to the table with 10% of the deal and all closing cost. I would like for the owner to finance the remainder, as they are motivated to sell and I am experienced with building in this area.

I am looking for any suggestions on how I could propose this. Thoughts?

[Nathan Click]

@Michael Brown - Think about setting up a 75/15/10 capital stack.  75% standard financing, 15% seller carry and 10% you.  That should be a doable deal for a financing institution depending on the property type and class.