@Tanya Maslach,Would love to chat about your goals and talk how you can find partners to help achieve them! 

These type situations can only be achieved through the use of private mortgage money.  

Going interest only will allow you to achieve a better debt service ratio too. 

Loan Term and AmortizationCommon Term Lengths: Loan terms for seller financing vary but often range from 15 to 30 years to keep payments affordable for the buyer.Balloon Payment: Many seller-financed deals include a balloon payment due in 5 to 10 years, at which point the buyer would need to refinance or pay off the remaining balance.

How do you typically balance cost versus quality when outfitting a property?

The data says we have at least 3-4 more years before we could return to a balanced market.

Commit to spending less, paying off high interest credit cards, maintaining positive cash flow in your personal finances, and cleaning up your personal balance sheet.  

They may have the balance sheet and backing now to deliver more of them, but they need some consulting advice from an apartments developer.

It’s all about finding a balance that works for everyone involved.Regarding closing with short-term private money, it’s an option, but you’d want to weigh the costs and ensure that it doesn’t eat into your profits too much.

The 40 year term with the 10 year interest only period makes more sense for higher loan balances as that's where an investor can see $100s in savings in monthly mortgage payments.