I have a question for Private or Hard money lenders on BP

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Please any and all advice is greatly appreciated. My question is when dealing with a HML that's offering 85% LTV and I have a property that appraised for 770k very recently under contract around 630k. (85% of its current appraisal value is $654,500) how much of my own money do I need to come up with here? Since the hard asset is worth $115,500 more than I need to borrow would the lender not require me to put up any of my own money or how does that work? I know I'd be responsible for closing costs but with them, how much can I expect to pay out of my own pocket for this deal? I'm unfamiliar in this area and would love someone to shed some light on this subject for me.