If no Fannie/Freddie loans..then what?

[Cody Dover]

The best loan terms I've found so far are a 5 year balloon 20 years amortization, 5.75%. 

Is their any other loan structure for 10-30 unit complexes that are better than the one above or is this typical for commercial loans? 

Unfortunately, our loan price doesn't meet the requirement for Fannie/Freddie. I'm told it needs to be above at least a $2M price in order to get them involved. 

Please verify if I'm wrong here.