The game your looking at is depending on real estate appreciation, which you would be better to take your money to the closest Casino and put it all on Black (or Red if you like red better).

Any red flags you notice about this place?

Strength of borrower, strength of project and how much red tape or flexibility you want will also have factors in determining to go bank (if feasible) or to use private or bridge money. 

Make sure you take that into consideration.You can deduct the expenses and  it is not a red flag.

Am I missing anything or are there any red flags I should consider?

@Amber Beatty yeah that’s a huge red flag.

@Johan Yang  Mother's maiden name is a red flag, as well as the driver's license number. 

Typically though the loans require less red tape to get to the closing table in the form of underwriting.

If I have  vehicle but can turn in from the middle of an open loan that is very different than having to go all the way down to  a red light, do a u-turn if allowed, and drive up to get into your center.

I'm going to drink some Franzia Chillable Red (I never fail to pronounce it "Shee-ya-bleh") tonight in your honor.