Refinancing a 6 unit

[Andy Crooks]

I am looking to refi a 6 unit. I currently have a 5 year fixed/25 amor, with a balloon payment coming up in 19. There are no pre-payment penalties so I want to lock in rates now before interest rates climb too much. Probably 35% LTV, so some decent equity especially since we have been able to increase rents and got a new roof from an insurance claim. I am not looking to pull out cash, just take advantage of low rates.

What I am finding is that Fannie and Freddie want no part of this.  I have been able to find up to 7 year fixed/25 amor again with no prepayment penalties from a bank I do a lot of business with but I would love a 15+ year fixed on this asset.

I am considering bundling this with some other assets to potentially hit the secondary market/life insurance companies/etc, but does anyone have any other suggestions on financing options?