The LLC also needs to be credit worthy; it needs to service the loan on its own. 

I would also see what the lease term is, if the spa is going to leave soon/not renew, is the fast food place going to find a new, credit-worthy subtenant, and how fast?

If you are credit worthy, I would avoid hard money lenders.

the more you know your credit worthiness, the better chance you will be able to get approved.Terry

Each member's financial situation and creditworthiness will be considered in the loan approval process.Clear Communication: Open and transparent communication among all members is key to a successful group investment.

Ideally lenders want to see you in a job for 2 years to ensure your credit worthiness but if you can produce a (or a few) pay stubs proving your income and have sufficient reserves, you should be fine.

As the lender, we will certainly be checking their creditworthiness through our RMLO. 

Lenders will evaluate your creditworthiness, debt-to-income ratio, and income stability.Documentation: Prepare all necessary documentation, including proof of income, tax returns, bank statements, and details about the improvements you've made to the property.

They base credit worthiness on our past track record. 

If its really that bad who is going to replace them.. is there a waiting list of qualified gainfully employeed credit worthy tenants to replace them.. thats going to be the next shoe to drop. you boot these folks but who replaces them ?