I can tell you this, if everything is perfect - all syndicate partners have great credit, you have plenty of reserves, relevant experience, a solid business plan and financials, and Feasibility and Environmental Studies completed in the area you are looking to purchase or develop, all with at least 1 US citizen sponsorship... you may be able to get close to 4%... maybe. 

Hello EveryoneI'm looking to buy a standard lot which is a buildable (as far as county says) has it's own address, is zoned single family.The wetland on it is isolated and there are many houses around the lot, the neighborhood is established.Seller has a permit from Florida environmental protection, allowing to build a SFR with a plan to keep part of wetland on the backyard.

Hello EveryoneI'm looking to buy a standard lot which is a buildable (as far as county says) has it's own address, is zoned single family.The wetland on it is isolated and there are many houses around the lot, the neighborhood is established.Seller has a permit from Florida environmental protection, allowing to build a SFR with a plan to keep part of wetland on the backyard.

No, it's basically a sub-department of the state environmental agency.

Can the seller terminate contract due to environmental defects in ILLINOIS?

This tax credit is great in that it ensures we are building environmentally friendly properties while also creating tax savings that provides greater cash flow to reinvest in other projects or properties.

My hypothesis is there could be unique considerations around:  1) insurance, 2) environmental diligence, 3) due diligence like estimating vacancy, and 4) how best to research leasing comps because commercial leases are so different among other items.

Compared to conventional, the closing costs will be somewhat higher, the origination costs could be between 2.5-4pts, upwards of $2k for an appraisal and environmental docs is not an existing rental unit... but you could be looking at rates in the low 4's provided none of the 5 of you have low credit.Cheers!

Many local gov't will require a feasibility study, environmental surveys, storm water run off reports, etc... it varies from county to county, state to state, but be aware. 

You will need a commercial narrative report (commercial appraisal), possible environmental report and the land may need top be surveyed to get the proper ALTA endorsements from title.