IS THIS A GOOD FROM HARD MONEY LENDER!!?

[Robert Mccorkle]

HELLO I RECEIVED A DEAL FROM A HARD MONEY LENDER. 

DEAL: 70%(10K MIN DOWN PAYMENT) + 100% REHAB AND TOTAL LOAN AMOUNT OF 50% ARV

SCOPE:

PURCHASE 40K

REHAB 40K

est ARV 126K

WHAT DO THESE NUMBERS MEAN AND WHAT WOULD BE THE TOTAL LOAN AMOUNT? This is my first time buying property (in general) with HML