Private Money - Off Market Deal

[Adam Romano]

Hi! My partner and I are trying to close on our first off market deal and were planning on using a private investor for the down payment. However, our mortgage lender will not approve us using someone else's money, in gift or borrowed form, for the down payment. This is not a traditional bank, it is a lender who works strictly with investors and we were unaware of this oversight. We are looking for answers on how we navigate through this, where we can use the private investors' money for the down payment. Is that even possible? Would we have to establish a separate LLC, making them a partner? Thanks, and any feedback is appreciated.