Multifamily Financing: What is the best option?

[Matt Crawford]

Hey BP, 

About 9 months ago I purchased a dilapidated 7-plex in Maryville, MO (north of Kansas City, MO) and have been in the process of rehabbing the property. I financed the rehab through a construction loan with a local lender. I am now beginning to discuss end-financing. My options through this local bank are either a 20, 25, or 30 year 5-1 arm all at 5.25%. I am leaning towards doing the 30 year in order to increase the cashflow. I also tentatively plan to refinance in roughly 2 years in order to pull my initial investment out of it (BRRRR strategy with a slower refinance). Is this good thinking? Is there better options out there? Thoughts?

Grateful,

Matt