LTC or LTV for down payment?

[David Taylor]

Good morning all, 

I am trying to better understand what we should be basing our numbers on to determine down payment needed for a project using hard money? Example: If we have have a property that has a purchase price of $100,000 that needs $60,000 worth of work, which has an ARV of $200,000. Should we be basing our numbers on: LTV (70% = $140,000) or LTC (88% = $160,000)

1) What are lenders basing our down payment on?

2) What should investors base their numbers on?

How much would the down payment be in this scenario?  I appreciate the help.

Dave