When hard money lenders say “up to 75% ARV loan”, what does it mean? ???

After repair value…

I know what ARV stands for. Can you give me an example of loan amount and how much I can borrow based on value of home?

If you are buying a rehab property to flip, say the purchase price is $ 50,000.00
and the cost of repairs are $ 15,000.00
After the repair are finished and the property appraisal comes in at $ 100,000.00.
The ARV is 100K, they will loan 75K max…

Offer= (ARV x 75%) - (Repairs + Holding + Closing cost)