HelpFinancing issue for first deal - Two duplexes!

[Evan Tuuk]

I am trying to buy two duplexes that are on one parcel and really the only financing option I'm getting is for a 5-year ballon amortized over 15-20 years. With that schedule it knocks out the whole deal, but with a 30 year schedule the numbers run great. Is that just what I should expect to get? I've called 5-6 lenders in the area and that's what I'm getting. Maybe an in-house somewhere could possibly do it. Or maybe I just have to back out of the deal?