1 Million dollar commercial building with 120k cash flow NNN

[John Menton]

Spoke with the owner of this multi tenant office building in my area, its off market but they are looking to sell privately for 1 Million.  It is fully leased and all expenses are passed onto the tennants, brings in 120k anually ...  So heres my question... I do not have the cash for 25% down on something like this but would love to scoop this up somehow.....

Do banks consider the portion of seller financing towards the required 25% down? ( I have about 5% cash and the seller may consider taking a 20% note.   This would still net 2K cash flow after mortgage payments.   Seems like a crazy amount of debt to carry but the property has an excellent history of cash flow... )

Any other thoughts ideas on this?  I'm going to call some local banks tomorrow.  Thanks!!