Seller Financing 15% of Down Payment

[David Flores]

Hello BP World,

Interesting situation I came by on an investment property. The seller is looking to seller finance out 15% of the deal and the remainder of the 5% down payment would come out of my pocket. The numbers on my end look really good even when I have a down payment at 0 and an interest rate at 6%. That being said, I am looking for a lender of some kind or creative finance advice to assist with getting this deal through. This is the first time I would be dealing with a creative finance situation like this. My main questions are the following:

For a deal like this would I have to go to a private lender or a hard money lender?

I have the interest rates for the loan (not the seller financing) at 6%. Am I low balling this number because I would have to go to a private lender or hard money lender?

Any additional questions you may have please let me know. This is new territory for me so I may be missing key information and i would love to be educated on by people with experience.