We managed over half of the purchase price in cash and then the remainder was held as a 3 year seller's note.

I'd suggest shopping around.

The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

Hello, happy to connect and talk shop.

I am on the lending side of things, so if you'd ever like to chat shop and options out there, let me know. 

You'll need to have 10%  thru the sale account by 5pm the day of the win, and will have to pay the remainder within 15 days of the win.

I am on the lending side of things so feel free to reach out if you ever want to talk shop and finance options that are out there. 

You can easily hire a maid and a butler that will do all your daily ******** stuff, shopping, etc.

You might’ve rate-shopped a bit early, but it’s not a deal-breaker.

Members of these in-house capital markets teams typically have prior experience working at multifamily debt brokerages, investments sales shops, etc., and a full rolodex / database of lenders whom they have rapport with to boot.