The investor has the following options for financing a property (apartment homes with total 162 units) , select one you think is the most beneficial:

• 75% LTV mortgage at a 4.75% annual interest rate, amortizing based on a 25 year amortization schedule. 1% origination fee.

• 70% LTV mortgage at a 4.5% annual interest rate, amortizing based on a 30 year amortization schedule. 0.75% origination fee

• 65% LTV mortgage at 4.5% annual interest rate with 1 year interest only payments and then amortizing based on a 25 year schedule. 0.75% origination fee

What was the rationale for your selection of the financing option?