But it does confuse me when they ask for the businesses physical address.

That doesn't always mean physically distressed, it could mean financially distressed.

I would suggest if your interested in a market then search out actual companies in them that have physical locations and I mean an actual office building. 

I'd be happy to show you anything in that neighborhood virtually or physically. 

If you have a good interest rate right now, it might be better to try to find a lender who will use the knowledge of that equity existing to partially lend against rather than one forcing you to physically pull it out and screw up your primary residence loan terms.

When I have a plain vanilla commercial deal I go to a plain vanilla commercial lender (ones that have physical branches that you drive by every day) because they have the best rates, but when I have a deal that doesn't fit in a nice clean box, or is under their thresholds, or is too big for me to qualify, I go to one of these other non-traditional lenders. 

So things that are a red flag for me may be fine for someone who is more aggressive, etc..1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Has a physical override like a key in case the electronic lock fails so someone can get in without breaking a window or something.At the moment I have a Schlage Connect lock which integrates itself with a zwave hub.

If you want to own the physical property, then don't look for new ways to do very basic things.  

Appraisal came in a little low, but overall very pleased.Worst part was I had to physically go to Washington D.C. because an error in their system with my application.In the end I got a $100,000 line for 10 years at 3.90% (floating rate), cost me $1200 in fees.