I'd have to see it and get into it to really nail down cost and time but those are good starting points.

Ray Johnson and Fola Sade, I think have hit the nail on the head.

The lenders that really had trouble as you were suggesting and again hit the nail on the head were those lenders that could not get bank facilities and raised their funds with a PPM usually paying 10 to 12% interest to the investor from the day the investor invested in the PPM... this put undo pressure on them to get the money out the door..

It's a wealth of free, regularly updated knowledge which can give them a taste for the industry and help nail down some interest points.

Here are some questions to help you determine if the deal is good enough:Are you able to do anything to the property for it to earn a 10+ cap on the property, so that even if the development plan doesn't end up happening, the property will still be a decent cash flow investment?

We're really close to nailing down a property and have a couple of lenders who are ready to back us as soon as we can get our initial capital raise under our belt.What has been your experience?

@Michelle Herschend hit the nail on the head about drug abuse being one of the largest problems here.

@Richard F. and @Nathan Gesner you guys both nailed it as to what I was looking for when I posted this.

Don-Carlos pretty much hit the nail on the head, and I’ll echo the part about possibly needing more than 25% down on a commercial loan like this.

Once you have that nailed down, you can leverage the knowledge of a good real estate agent (preferably one who has done what you want to do) who can help you fill in the knowledge gaps.