5/1 ARM VS 5yr Ballon

[David Socia]

***Disclosure- I am not looking for financing***

We are developing a small condo community of 15 Doors. We plan to hold for an extended period of time but may sell in 2-5 yrs if the price is right. We have been given 2 different options regarding financing from lenders - 5/1 ARM or 5 yr Balloon. From a cash flow perspective we may be able to amortize the balloon over 25 yrs. Which one is best? And does short term hold VS. long term hold make a difference in what we should choose?

Again, I am not advertising nor looking for financing.