Hard money loan example

[Cesar Martinez]

Just trying to understand this better. The lender will fund 70k of the ARV. If a property is 20k and repairs 30k and after repair value is 130k . Does that mean the lender will lend 70% (91k) of the 130k(ARV)? And since it'll be 50k for the rehab the 70% will be more than a enough. profiting 39k minus closing costs, lenders interest etc.. thanks guys