Commercial Loan Help/Question

[Allen Maris]

Hey everyone, thanks in advance for anyone that offers up some ideas.

Here's my situation:

I found 2 multi-fam (6 units each) properties that cash flow, even at 100% financing. Each one is going for 300k and each owner will carry a 2nd up to 100k. My partner on these is only interested in putting up 60k. I can try for 80% financing (or combo 80% CLTV with owner 2nd) and put in 20% or try for 90 % CLTV on both and put up 10%.

The problem I'm running into is that for me to put up 20%, the loan is too small for most commercial lenders. If I try for both to make it a larger loan, I don't have enough cash available to do 20%.

If it weren't for the loan size or amount down, I wouldn't have an issue qualifying. Myself and my partner both have great credit and strong financials.

Any ideas on a good way to try to get 90% CLTV or better using a combo of a loan, seller 2nd plus my 10%?

Thanks!