Financing mixed use w no business history

[Cris Z.]

Hello

I am in the midst of negotiations to purchase a mixed use building. The seller would like to enter into a leaseback as the commercial piece of the building is occupied by his businesses. 30% of building is residential.

Given I just opened an LLC (no business history) what is the best way to finance this? The building also has no history behind income as it was just constructed but all lease agreements are currently in place and executed. Seller also willing to provide a personal guarantee on the lease terms (given the bulk of the rental income is driven by the commercial units he occupies). Seller is also willing to provide a little financing (appro 10% of price). I intend on putting approximately 40% down. Given this, I would need a loan for the remaining 50%.

Any thoughts on how feasible this is?

Thanks!!

Cris