Hard money term meanings and credit

[Account Closed]

I have four questions.

#1. Looking at a local hard money lenders terms, I need to understand what the following terms mean:
a. LTV: up to 70%
b. Repair draws: 70%
c. Points: 4
d. 6 month interest prepaid: Yes
e. 6 month insurance prepaid: Yes
f. Repair draw fee

#2. The hard money lender states that the annual interest rate is 14.5% and the loan term is for six months. If the loan term is for six moths, does that cut the "annual" interest rate in half?

#3. Do hard money lenders lend based off of credit or the deal itself?
(I am assuming the lender I am looking at goes based off of credit because they charge a $100.00 credit application fee).

#4. What is an RIB sheet?