You are a first time real estate investor buying a hotel during the COVID-19 pandemic in downtown DC. The purchase price is $50 million and you have syndicated investors in order to have a 30% down payment. You are able to secure a 5/1 ARM at 5% or a negative amortization loan with a start rate of 1.95% and a margin of 2% tied to the 6 month LIBOR. What are the payment differences? What are the DSCR differences? Which loan option would you go with and why?