Easier to get approval for a balloon mortgage?

[John Gach]

So I’m looking to get into rental property’s. One problem I have that’s in the way is I am a newer business owner, I’ve only had my business since September of 2017. So I don’t have two years of tax returns. Most banks are turning me down because of this even though I may have a very high down payment.

One bank seemed like it may be possible for me to get a commercial real estate balloon mortgage.

I guess I’m making this thread just to ask the silly question about if they’re known to be easier to get approved for?

If it’s worth considering getting this style of loan, and possibly refinance once the 5 years is up with a conventional loan.