Hard Money Loans/Lenders Calculations

[Duriel Taylor]

Hello All, 

I hope all is well. As I pursue the word of real estate, I have become more curious with hard money loans. Unfortunately, I do not understand the numbers. Now I do understand the logic and their purpose, I simply do not understand their calculations. For example, they mention we will give you up to 75% of the ARV. From my understanding, the numbers will be as such; asking price is 55k, ARV is 100k, rehab is 20k, and closing cost is 5k. Now 75% is of 100,000 is 75,000. Here is where the confusion come for me; when they say points, lender fee, etc. I simply want to understand how to budget monthly during the rehab stage while making the payments. Also I would like to use all the approved funds case in point 200k, I would withdraw all the available funds and use enough for the deal(s) and leave enough left to pay the monthly payments in case the rehab(s) take longer than anticipated. Also, what would the numbers look like if I attempt to do multiple flips at once? At your earliest please give me your thought.

PS: all my long winded/typers I welcome as much details and or examples as you can.

Regards,