[jhynesrockmtn]

Lenders are very picky these days vs. prior to the crash. I recently sold a piece of property near Seattle to a young couple. It is a buildable lot, permitted building but the apartment finish work was not permitted prior. Lender said they were fine with it right up until closing and then underwriting got picky. I ended up carrying the contract which was ok but I had plans for the cash. Best of luck, there may be some higher priced private lending models as previously mentioned. Have you tried a truly local bank or credit union? The ones in my area are the only ones doing small commercial loans like I recently closed on a 6 unit apartment building. They may look at the business income, etc. as well as underlying real estate values. Commercial rates are certainly higher than residential but much lower than a high risk private lender.