50% down at 5% interest with a balloon in 3 to 5 years

[David O Smith]

Hi everyone,

I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:

• Price: $3,170,000.00
• 17 units
• 50% down payment
• 5% interest rate
• Balloon payment in 3 to 5 years
• They're open to either interest-only payments or an amortized loan structure

Additionally, I'm trying to secure the best financing option available.

How does this deal compare to the current market? Are there any potential red flags or points I should be cautious about?

Thanks in advance for your insights!