Syndication Advice- Reposition and Sell or Refi next 2 years?

[John Blanton]

My team is currently working on a project for a smaller (20 units) syndication deal. We were able to secure off market for a competitive price, but there is a good amount of capex work ($80k) needed at onset. After the $80k outlay, most of the major mechanicals will be good for the next 7-10 years. So if we sell at a premium with the market being so strong it would be turnkey to the new owner, but if we refi and hold we won't have to do any major capex repairs ourselves for that same timeframe. Financing terms are good initially with owner financing 5 year balloon, but with interest rates being so low considering refi'ing out in year 2 to lock in 7 year fixed at a low rate. Any advice suggestions appreciated!

@Jack Yen

[Gaspare U.]

@John Blanton my goals and my investors goals are long term. If it’s a good property and not a managerial nightmare I would hold. Perhaps consider longer term financing. Again that’s just my objectives for goals.