lost my 1st deal

[Jeremery Jett]

About 3 to 4 days ago I lost my 1st real estate deal.  The property had offers from both investors and families who were going to reside in the property.  The bank choose the families over investors.  

I put in an application with RCN Capital for funding on the property. I'm curious as to how ssomeone gets close to 100% of the ARV for the rehab and all the other costs? Is that realistic? RCN referred me to another hard money lender who also gave me the scoop that the typically only fund deals at either 90% of the value or 65% of the ARV which ever is the lessor

To put numbers to this deal ARV of $150,000. I was asking for $124,000 on the app, which $111,600. The other methodology was $150,000 at 65% or $97,500. So the most I'd get financed is $97,500. Which would leave a large gap with rehab estimates of approximately $25,000 which was on the high side being the floors were all to the subflooring.

So on my next deal can I get some advice?