Acquiring a multifamily bldg. "Assignment of Rents" Agreement

[Mohamed Badreddine]

Hi BP community! I am curious if anybody out there is familiar with securing a down payment via crafting up an "assignment of rents" agreement. Essentially it is to use the income stream from the property itself as a source of collateral. Basically the lender would be given the right to impound rent to pay the loan in the event of default. 

 The seller has Ok'd such but do you think the bank will?  Sounds like the seller in general is willing to get creative. 

Any and all inquiries are truly, and greatly appreciated! 

Thanks y'all!

Moe