The degree of rebar is based on soil conditions.The concern would be if the cracks are large and off set.  

Getting into Dry Season and can’t plant then.

Muck soil from the pond will let set and dry where dumped.

Soils & Geotechnical.

You don't know what's under the soil.

Get preliminary soils tests, wetland delineations, and utility availability letters.  

I've used HML for 14 deals and they pretty cut and dry but I did have one with an awful lender that nearly cost me a lot of money. 

Construction costs are high.Supply doesn’t turn back on overnight.If demand stays steady (or increases) we likely see:• Concessions disappear
• Vacancy tighten
• Rent growth resumeSupply is drying up.

Smaller Funds ($100k - $500K)If you have a little more dry powder, you can start targeting debt funds.

I assume in rainy locations it will cost more, in dry locations, less.