Updated 4 days ago on . Most recent reply
Help with financing question
I am purchasing a 14 unit apartment complex in central Arkansas, I am doing a 30yr amortization @ 7.75% with a 15% down payment, I was hoping to get some different opinions on doing a 1yr/2yr/3yr/5yr arm? Which one of these should I go with? It is my option to pick how long before it balloons. Any advice or opinions would be greatly appreciated.