Loan Comparison - Advice

[Russell Buxton]

Which loan would you recommend I go with based on their figures - Blanket loan covering 8 SFH

Scenario 1. 

5 years amortized for 30years - Balloon payment at the end of 5 years (option to pay off or refi.)

Loan Amount $1.33m

LTV: up to 65%

Amortization - 30years

Term: 60 months

Interest Rate: 4.8% (5 year swap + 3.4%)

Guaranty/Cash Management: Non Recourse. No CM

Yield Management: 54 months

Origination Fee: 1%

Scenario 2.

10 years amortized for 30years - Balloon payment at the end of 10 years (option to pay off or refi)

Loan Amount $1.33m

LTV: up to 65%

Amortization - 30years

Term: 120 months

Interest Rate: 4.6% (10 year swap + 3.1%)

Guaranty/Cash Management: Non Recourse. No CM

Yield Management: 114 months

Origination Fee: 1%

Any tips on how to negotiate better terms or something to ask for?

Thanks in advance