It may seem a little harsh, but could be an out for you. 

Born and raised in AZ, I completed my Masters in Chemical Engineering this past May, 2015.  

Talmar is now Chemical Bank.

It is decent if you are willing for a very long-term hold on the property and as mentioned above, you do need to account for repairs and more that could be possible especially if the area is prone to harsh weather. 

. - Year round tenancy vs STR market with harsh winter - No more rent!

@Harsh DangariaA lot of work to maintain your scheme. 

I don't mean to be harsh here, but you're trying to solicit money for a restaurant venture and have no experience in running one.

I hope this doesn't sound to harsh, but why would a senior lender ever agree to this?

Much like the FDA will allow additives and chemicals void of nutrition in your food.

For example, I would not generally take a lien on a old chemical storage site.