Hey Sam, did you ever get a response for this? 

@Gustavo Munoz Castro, thanks for the response.

Seems my keyword alert ended in the spam or something, sorry for the late response.

@Ke Nan Wang wow thank you for the detailed response!

If you can get more rent from short term arbitrage and also you have someone that is responsible to keep your property in good condition in order to receive 5 stars will you consider it?

Just look at some of these responses!

Aside from the responses above regarding the bank likely requiring the 20% funds to be yours, good luck finding any private lender willing to take a second position note on a 100% LTV for any %, let alone a tiny 3%.Now, banks do, at times, allow seller carried back seconds, but unlikely with no skin in the game from the borrower.

Agree with the earlier response. 

Each option serves distinct purposes, and understanding their respective roles in the capital stack is crucial for effective financial structuring.Strategic Rationale for InvestmentThe rise in multifamily distress creates a ripe environment for mezzanine debt and preferred equity investors to support existing projects.

Hi Daniel  Thanks for the quick response.