That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.

Did you use a local bank that agreed to a Seller Carry in second position?

I did all of my loans with small local banks in my area and was always happy with the rates and service.

Mark, the good news is there is not any banks doing this.

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

Bank financing is very tough for anyone starting out so HML is generally ( unless you use your own cash or cash in your network) the only funding there is.. the goal has to be though moving towards bank financing so you get the best deal possible.. right now I am at 1/2 point and 7% and my bank pays for my appraisals.

Make sure you know where the guard rails are with your bank. 

First Financial Bank has no record of having done business with Goodin Development.

. § 1344 – Bank Fraud18 U.S.C.

All interest rates and payment plans are custom made to work for both parties therefor creating a win win scenario.As far as partnering with the banks goes.