It's the INVESTOR that actually cash flows a property.In fact, a lot depends on the Investor's qualifications for their Mortgage.

Depending on what your qualifications are for a loan you'll have FHA or Conv.

Again, "the people" made this mess because "the people" keep choosing a person for office based on there hair, how good they talk, what they look like, they put a person into a very important administrative leadership role who has no qualifications for the job, no real capability to do good things, are we supposed to be surprised by bad outcomes?     

A commercial loan though, requires the property and the borrower to both meet the qualification standards.Typical commercial loans only go to 75% LTV, although depending on many factors the LTV could be lower or higher.

Reason is, that there are other events in life where that loan may be viewed under other legal requirements, in qualification for benefits, asset determinations, estate issues, law suits and other messes where a funny money loan cab be brought back or discounted with adverse effects if it is not made at arm's length.

What are your qualifications?

No tax returns, no income verification, no hardship qualification.

There are a few 100% financing spots but you need qualifications that you do not have. 

I haven't built in Chicago but generally speaking:-If you have no building experience, the lender may not give you money regardless of your financial qualifications.

@Prashant Sheth the type of lender depends on the deal and your qualifications as the buyer.