My areas of expertise are PML/HML  Foreclosure Tax sale ( not tax certs) and sub to wrap creative finance and development these are all things I do for my day job.. like my project in Oregon currently  www.ivyridgeestatecanby.com 90 homes 700 to 1 mil each takes some expertise to buy develop get construction loans market sell and deliver these high quality homes..

Thank you Sergey, I appreciate the non-negative, constructive feedback.

This is strictly a business purpose loan only.

Just my 2 centsTo answer the question if it’s a tear down you need to understand the comps In That area and the cost to remove the existing and rebuild - where many go wrong with rebuilds is they assume best case construction and holding times and time is money especially if using a construction loan.

Of course, I don't think putting all my capital towards my student loans is appropriate, and I don't regret them either and I received an excellent business education from great schools. 

We won't do business of any kind there any more.

So while this does not give me immediate access, I can have the money back in checking to cover a bill in 2 business days or less, which I have yet to have any unforeseen expense that needs paid faster than that.

Construction and everything that you mentioned is out of my range right now. 

In Charlotte there were many construction cranes, indicating active building going on there. 

This isn't personal; this is business.