Loan question does this sound right?

[Ryan Fennick]

My partner and I are in the process of securing financing on an investment property. Purchase price is $48,500. We are putting this property in under our LLC. Lender terms are 25% down, 5 to 5.25%, 5/1 arm. They told us we qualified for a private loan but this becomes a commercial loan and that it is rare to get a long term fixed rate loan. This sounds off to me. Any thoughts? we both have excellent credit and work full time jobs with good income.

Thx