Commercial Rates: Not sure which option to pick

[Bryan L.]

Closing on a 12 Unit soon which we plan to hold long term.  

Have the following options available: 5 Year @ 4.7% or 7 Years @ 5% with 15 yr amortization (requested) on each - need to make a decision soon and have been going back and forth...any thoughts?  I'm leaning towards the lowest rate but like the 7 yr option, however, 0.3% over 60 months adds up....

[Mark Fedorov]

You need to look at a few things... what will be your mortgage balance at the end of each of these?

Is your goal to mortgage these again or to pay it off completely? 

Where do you think mortgage rates will be in 5 or 7 years? (either way you are in the middle of the next presidential term)

Look at what you want to and what you think you will be able to do at the end of each of these terms and you will have your answer.