Creative Finance Q - Combining Multiple Investors in 1 Deal?

[Ryan Gettelfinger]

Hello BP. I need some help figuring out my options in taking down this deal. 

There is  triplex that I want to buy at roughly 110-120k. I have a commitment from a private money investor for 65k on a balloon loan for a but they like to have the their loan guaranteed with a mortgage. The seller may be interested in carrying back the rest of the loan. But I'm not sure how that would work. 

Would that require for the triplex to have two mortgages on it, one to the private money investor and one to the seller? 

If that doesn't work I can raise the rest of the funds from additional private investors but I'm not sure if I would run into the same issue. How would I work out the technical aspects of combining multiple private investors into one purchase?

Kind of lost and just want to know what is possible. Let me know!

Thanks, Ryan 

Private Money, Creative Financing, Multifamily Investing, Seller Carryback Loans, Southern Indiana, Louisville,  Jeffersonville