Commercial Loans Help!!

[Luis Melendez]

Hello my fellow BP members. Im asking for some help on my refinance of a 3 family property. SO im contemplating going eithier cash out commercial loan or cash out regular conventional loan on the refinance. Thanks To @Michael Noto i met with an awesome local banker who is a portfolio lender. Now my dilemma is this, i can go regular conventional residential loan and pull cash out and get the standard 30 year 4.75 rate and be on the safe side. the downside is i have to wait 6 months for seasoning and also after 4 mortgages, which i plan on aquiring 2 properties per year, it will be hard to find financing( i was planning on having my wife put mortgages under her name once i reach this issue but realize they also use a dti ratio for their lending criteria so it is somewhat a gamble too ).

Or i can go with a portfolio lender and get a commercial loan. i wont have to wait for that seasoning period, i build a relationship with a great bank and they are creative with financing so it wont be AS hard to acquire more than 4 properties. The only problem i have with that is their lending 5/20. My biggest concern would be once the 5 years is up i would most likely refinance with them again since the balloon is due in 5 it would basically reset every 5 years. Mortgage rates are great right now but in 5 years or 10 years who knows. the rates can only go up from here!!! Im new to commercial lending and any info or advice would be much appreciated. what would be a better option considering my plans for the future of acquiring 2 properties per year. Thanks in advance