The seller was willing to take a secondary position on other property assets and provide a 3yr 4% interest on his loan.

started the interest rate at 8.5% and wrote in the contract that their interest rate will change anytime my bank loan's changes (every 5 years) and will always remain 2.5 interest points above...for what it's worth...i have another under contract that hopefully will close soon..i'd be interested in hearing about this wally wrap as well bryan...what was that?

Did you try a local CU or bank for a construction to permanent loan?

You can get a normal owner occupied home loan to do this. 

Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

Also, have you looked into DSCR loans for the refinacne portion?

I don’t have a loan on the property and hold it cash, but, if I sell it would lend the profits as hard money and earn 10%+. 

Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..

For "Foreign Borrowers" your loans are very limited. 

Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.