Multi Family Exit Strategy

[Jeff Jenkins]

It seems most lenders are only providing 20-30 year amortized loans with either a 5,7, or 10 year balloon, and most of which have prepayment penalties. What is the exit strategy under these circumstances?

I was under the impression it would have been a straight 25-30 year amortization with no balloon or penalties.

The goal with my first property is to buy stabilized, and then sell or refinance after 2-3 years, pay back the original loan and become a more credible lender with the potential to do more lucrative deals.