I am getting into investing for a few reasons: flexibility, build diversity in investments and tax benefits. 

The question is how you plan to handle the loan after this period.With the lower rate (6.375%), your interest-only payments will be more affordable, and you'll still have the flexibility to pay more toward the principal if desired.4.

The bank is primarily concerned with the borrower’s creditworthiness, the property's value, and your ability to make payments.Private Lenders: Private lenders are more flexible because they focus on the property’s potential, the borrower’s experience, and the deal itself.

Gets deeper from there, but that's the high-level.My goals included being work-optional well before the traditional retirement ages tied to retirement accounts, so therefore the places I put my money needed to afford more flexibility. 

Even if I were to collect the late fees it doest’t materially alter my properties performance and my tenants appreciate the flexibility in the very rare circumstances where they are late. 

They have relationships with lenders who think outside the box and can offer more flexible underwriting criteria.I know it's frustrating, but there are definately options out there.

If you could do this and the multifamily property can stand on it's own, you might have enough equity free to get that one done too, depending on the financing possibilities available and how flexible you can be with terms. 

In today’s unpredictable market, how important is flexibility in financing?

Manage cash flow by cutting non-essential costs, making the property energy-efficient, and offering flexible lease terms.

I do intend on holding them for a long time, but again this limits my flexibility in the short-to-medium term.Does anyone have any thoughts/suggestions for me?