I'm personally witnessing the increased demand as a wholesaler and I'm about to do a multi-family Buy and hold rehab there pretty soon.

If they did not, you should be able to demand a return of those funds.If you applied on Thursday and didn't receive the written disclosure until Monday, then I would argue your 72-hour window started on Monday, not the previous Thursday.

In Kansas City, we have recently closed on multiple multi tenant NNN lease properties in areas that have major demand. A

First, I didn't demand a performance guarantee in the listing contract.

Demand a list of subs and materialmen...in case a satellite drops on them on the way home one day. 

But like you mentioned, while there may be a slight decrease in demand as a result of the oversupply, if the project brings the people it should, then in time rents should actually increase as a result of my place actually being a bit cheaper than the new development.

(ask realtor for last 12 month sales comps in the area)15k reno budget can go quick, whats your cost breakdown Is the area in demand as a rental location? 

For example the specific projects mentioned above are all strictly numbers-based as there are institutional investors involved who demand a certain return and give zero cares about the "warm tinglies" of saving the planet.

You will have a second position lien, not a first, and of course you can demand a personal guarantee of your loan.

I would be more cautious and demand a bit of a higher margin, but I wouldn't sit on the sidelines and wait for a crash that might never come.