Making a plan to handle a balloon payment

[Joe Ebanks]

hi all, I'm looking for advice from the seasoned veterans here. Ive had problems finding a long term mortgage for a 24 unit i am ingerested in. 

I just spoke with a person who thinks they can help me. They will finance it with a 7 year balloon payment. Is this how most people do it? She spoke of tax strategies to minimize penalties at sale. And also refinancing as the property was proven stablized.

I have never owned a multifamily building ans was really looking forward to it. However the balloon payment is pretty scary to me. Id like to hear from people who have experience. 

My plan for the investment is going to be a 10-15 year hold as long as it is going smoothly. However it wouldnt be unreasonable to put it back on thr market after 4 years and sell. But that balloon payment is quite scary.