Seller Financing in Louisville KY

[Vincent McClendon]

Hey BP, 

I am in the early planning stages of getting involved in Multi-Family deals in Louisville KY. Was wondering if anyone has experience getting seller financing to partially finance deals in this space. Hoping to use a combo of commercial loan and seller financing to borrow up to 90-95% LTV. No deals in the works at present but working on getting pre-approved by a local commercial lender (Republic Bank). Are folks seeing deals structured this way in this market? Looking to get involved in class C properties via value add strategy and properties in the in $500-$750k price level (assuming the cash yield / cap rates makes sense).

Thanks,

Vince