The lessons that I recently learned from the deals i have are commercial hard lenders also set high standards. They require borrowers to show enough income to cover for personal and business expenses. The cold fact is '"hard money is not dumb money" applied strongly in commercial lending. They speculate details shown on the profit and loss statement and the personal tax return. Special use prpperty has a hard time finding funding because a lot of banks and their investors focus on properties in the metro area.
Almost all lenders want to be in first position. If you have a client who still owe money on the land and needed construction loan, the bank will want to lend money for the remaining balance of the land loan and the construction loan.
SBA loan's prime rate recently dropped from 8.25 to 7.75. This is best time to apply for an SBA loan