12 months is too long, I'd give a 3 month feasibility period with hard money down.

Spend the time on creating a llc operating agreement, setup a llc bank account, and have periodic recorded company meetings (even if it's yourself) to make it harder for a lawsuit to go after your personal assets. 

I take a pic of the foreclosure listings in the local newspaper, then go to the courthouse to monitor the files of interest during the outbid period.  

My lease period is for six months, depending upon the business scope I will be extending the lease duration, this clause is there on the contract!

Period. 

These include the inspection/due diligence period, the inspection objection deadline and negotiating any inspection issues, the financing clause, title work, what comes with the property i.e. fixtures etc.

Almost made to feel this was an odd request and "Ordinarily, in all commercial leases, theres is a provision with respect to a renewal option that the tenant must exercise with in a stipulated period prior to the expiry of the lease.

I think there is a seasoning period on that though (2 years maybe), so that may not solve your immediate problem. 

That loan has a finance cost of $18,100 over the 5 year period so I am not sure it is worth is especially if I only need the money short term and would have to pay a $5,000 fee to payoff the loan in the first year. 

Rates/fees will generally be higher than conventional financing.Thanks Dan, is there a seasoning period?