Requesting Feedback on Financing Options

[Alex Hymanson]

Hello!  I'm currently evaluating a deal now.  Current owner has offered owner-financing at 15% down and 8% interest.  However, I qualify for a conventional commercial loan (it's a 5-plex) at 25% down for a much lower interest rate (say 3.75%)

It appears owner-financing kills my cashflow, but my cap rate stays the same.

Anyone have feedback on pros and cons of my situation?  Please let me know if you need more info!

Thanks so much,

Alex