Private lender sent conventional loan approval

[Matt A.]

Hello folks,

I am new at this business. Right now I'm in the phase of choosing a niche to get more familiar with. So currently I'm looking at everything pretty much. I think it's a good strategy to start. Anyways coming to my question, recently I found a potential fix and flip property. I called a lender, who was in my list I started to develop lately, i explained the deal. They told me everything is ok they were willing to lend me. It was a cash only offer. They sent me a letter but it was saying conventional loan. Is this what private money lenders do usually? When I ask money from a private or hard money lender is this what i'm going to get all the time or what kind of letter I should be expecting from them? Or do i need to tell them what kind of money I need? Because this kind of letter will not work for cash offers and cash offers are usually the ones with more sugar in it.

Thanks