What Does True 100% Funding Mean?

We will lend up to 100% towards your purchase, rehab, and closing costs when a   joint venture is established between Intrinsic Funding and the borrower… up to   65% of the ARV. The only out-of-pocket costs will be the Loan Application, The   Appraisal Cost and The First Draw which will be reimbursed on the 2nd draw, as   long as you are below 65% of the ARV.