I have never owned or dealt with real estate during the 2008 crash.My question is: Will the lending institutions close their doors on all lending programs or most lending programs during such a time and make it difficult for me to re-position the property (even if the deal was looking great from a lending perspective)?

Account Closed is correct buyers or loan officers/banking institutions will typically order/pay for the environmental reporting due to it being a tool for them should their be any liability or issues with the property. 

I am currently in the market for my first property and live in the Metro Detroit area.I have found a few SFH's in Royal Oak that have caught my attention, as I feel they are being sold under market value based on comps I have received.

Hard money that says that normally is institutionally funded and they have rates that have been squeezed so tight that they can't do anything with a loan of that size. 

Odds are that the property is owned by the bank or a lending institution who has never seen the property and is really just selling off their interest in the property.

The institutions have been holding on to a large number of SFR rentals for a few years now.

Well......before there was institutional education.

This fall, the new student numbers are back to normal at many institutions.

. $1.1 mil + equity in my property (no liens, and very good credit score)Since I am running a business on my first level of my home, I couldn’t find any financial institution to secure me a HELOC (apart from point.com which doesn’t seem a good deal for me)…apparently, the lenders don’t like mixed commercial/residential type of business (e.g. assisted living).

@Alexander Felice I am a licensed GC and full time student majoring in construction management at Wentworth Institute of Technology.