I didn't want to release too much information on the internet because it is publicly visible.  

Thanks for your input every body?

If the new business owner will agree to sign a new lease, that's fine, but you need some form of release from the landlord for the current lease, and I would probably also suggest a quick indemnification agreement with the new tenant, which they shouldn't be opposed to since they have liability there that the agreement will protect, as well.

Also, He sent me an email said that I will be released from lease if new tenant agree to sign for new lease.

As far as hard deposits, I would never agree to anything substantial except that I would agree to release a portion, or for the entire amount to go hard AFTER due diligence is waived.

We walk the house if we agree they are making the progress and things look good then we release the next draw. 

Other than them screening their own employees you'd have no control other than that, and that's if they do. and they wouldn't release it to you anyway. 

Many want the private lender to sign a release/discharge of mortgage before the closing--some try to insist on this.

Recently I've noticed my body is beginning to show signs of wear and it is my hope I can utilize my home improvement skillset in a new fashion, real estate.

This filing alsoconstitutes a fixture filing as to the collateral described therein which is or is to becomefixtures.For filing purposes, the residence of an organization is its place of business if it has oneor its chief executive office if it has more than one place of business.The proper place to file a financing statement as a fixture filing is in the office where amortgage on the real estate would be recorded.Any subsequent filings such as Statements of Continuation, Termination, Release,Assignment and Amendment must be filed in the same location as the original FinancingStatement.Erroneous filing.