For example you own an investment property that does not qualify for institutional financing, and you’re paying 12% interest to a hard money lender.

I thought my 140k rehab funds were plenty, but I found out the hard way that it would really take $50-$60 per square foot for the interior. 

That usually creates a big supply of rentals on the market that it 's hard to be absorbed and create a race to the bottom in prices, as all the properties are pretty similar and in brand new condition. 

You worked too hard to risk $120k  on a rough investment. 

I am interested in working with MB capital in getting unsecured line of credit and possibly hard money lending.

It looks like you are doing an affordable build based on the cost but hard to say since you didnt provide info on the build itself such as square footage and finishes.

I believed I was putting that hard-earned money into something secure.

Never heard of them, is it a hard money lender?

After I was informed this, I pushed the wholesaler hard as their was no contingencies and I was pushed for a 10 day close.

@Veronique Leroy No, I don't have any...but I'm having a hard time visualizing the type of property that will achieve those returns.