Buying note at 50% of BPO. HML will lend up to 75% LTV. Does this mean the buyer will receive cash at the closing?

[Account Closed]

If the non-performing loan is being purchased, for $100,000, has a Broker Price Opinion of $200,000, and the hard money lender will lend up to 75% LTV, then the loan amount would be, $50,000 more than the purchase price. Which means in theory the buyer would receive ~$50,000 at the closing table.

Will a hard money lender makes this loan?

Broker Price Opinion: $200,000
Purchase price: $100,000
Hard money LTV: 75%
Hard money loan $150,000
Cash at closing: $50,000