Don't ask me how it works, but it sounds pretty sophisticated.

Link below has the general terms, and your rates, loan terms and  LTV's will be MUCH better that hard money.http://www.freddiemac.com/multifamily/product/pdf/...They will lend nationwide.

Trying to come up with a sophisticated menu of options considering we are cash strapped and can only pitch in about 20-30% of the total cost.

Trying to come up with a sophisticated menu of options considering we are cash strapped and can only pitch in about 20-30% of the total cost.

The valuation of the property will be based more on income production if it is 5 or more units and valued more like a SFR if it is 4 units or less.Are you planning on using a bank in Iowa? 

Some of the new engineered and laminate products can be very good; but to me there's a real quality difference.

If someone buys a brand new product built in the last 5 years states away in a high end area with affluent type tenants then it might work.Marginal areas with older buildings and challenging tenant base it does not.

@Nick YanutolaBecause mortgage interest is of a lower percentage cost than the opportunity value of cash it is counter productive to have equity lying dead in a property.

The BP forums and podcasts have been a wealth of information and knowledge and I look forward to becoming a valued and productive member of the site. 

@Jahan Habib Hard money is a short term loan product.