Portfolio Lending vs Seller Finance

[Scott MacDonald]

Hi All, I’m presently looking at a multi family property (17 units) where the seller is offering seller finance at 25% down, 8% interest on a 10 year note. I believe I can negotiate the deposit and interest rate down as the property has been listed for a few months. Alternatively I have started building a relationship with a local bank who offer portfolio lending at 20% down, 5.25% interest, 20 year amortization with an initial 5 year fixed period. The numbers suggest a portfolio loan might be the right way to go but am I missing anything obvious of why I should consider the seller finance? Thanks Scott