Seller Financing question! We are the sellers.

[Linda Garcia]

My partners and I have a piece of land almost ready for permitting for a multifamily.  Our agent wants us to counter much higher take a chunk down and carry $4MM @ 10% until the construction loan or a deadline we define ( should be quick ) What are the risks vs a cash offer?  If they default wouldn't we get the land back? Do we first get proof that they will in fact get the construction loan?  

Thank you!