@Don Pham based on my understanding of @Andrew Postell's explanation, for my situation a note at $240k would cover my target of $210k, which is 75% of 280K market value.

Originally posted by @Carlos Ptriawan:Thanks Yosef for an explanation.

On asking this is the explanation I got"Haha, I have the cleanest record you will ever find.

@Evan Polaski excellent explanation.

I m an agent who works with New Western and I would like to offer you an explanation, first we are the ONLY reliable wholesale market supplier who will show you everything at front, we offer a package ,this property package which is btw free ,has ALL the information for you to make an informed decision, but we are not an education center provider, second we didn’t keep your money and disappeared we helped you to get a deal maybe not a good one for you , that’s why is always good to either be a realtor contractor hard money lender otherwise you will ALWAYS be spending extra money on those people, we deal with savvy buyers and few times will deal with first timers and the reason we don’t deal much with unexperienced is because first timers need time and they are quite slow and our houses are gone normally in a couple of days if not hours now we SELL A PROPERTY every 13 minutes if we are that bad ask the another thousands of investors who uses us some monthly and we ALWAYS recommend to buy with a general contractor opinion or due diligence is on our contract.Reading your story is just a sad victimization of a poor decision and again we never advertise for the best deals just a deal if you don’t want it let it go and look for another one next day or so ,what for you was terrible for an experienced person not at all , there is always exit strategies BRRR DSCR buy and hold etc  one thing for sure you never loose in real estate maybe you make less and it’s fine onto the next ! 

That was a great explanation.

You certainly do not justify any number here but your comment below does provide some explanation.  

By giving thorough explanations and frequent updates, lenders must guarantee that borrowers are aware of all loan terms, conditions, and expectations.

I'm generally skeptical and only half convinced by this explanation.

So David Greene just posted on his Instagram an explanation and from the sounds of things he and Rob were fired and it doesn’t sound amicable.