Can someone tell me what this means exactly?

[Kevin Powell]

I was having a conversation with my buyer asking if he prefers to run off 70%ARV vs 65%. His response was

"I can do 80% LTV with purchase price and repairs compared to LTV."

Can someone explain exactly what that means so i can better assist him in finding what he wants?

[Patrick Liska]

What he is referring to is, he can get 80% loan to value (LTV) but that 80% should be the purchase price plus the cost of the repairs. so a house with an ARV of $100,000 , he can get an $80,000 loan. if the house requires 20,000 in repairs, the cost of the house he will buy is 60,000 ( 60,000 + 20,000 = 80,000), so do not show him a house that would cost him more than 80% of the ARV after repairs.