Equity as down payment?

[Ray Harrell]

Hi everyone. I found a deal where the seller has found a bank willing to finance the property at the asking price of $325K. It's a 7 unit building 90% rented. On the materials sent to me, it shows that the financing terms are:

Equity    25%   $  81,250

Debt      75%   $243,750

Does this mean the buyer (me) can use the equity as the down payment so i can do this with "no money down"? Stabilized cap rate is $17%.