[wildb]

I am a noob to the flipping business.
I have the following being offered:

A wholesaler offered me a home to purcahse for 65% of value. The offer is a fact. The value is in question.
Have not begun the verification process.

Hard Money Lender associated with this deal is offering:
6 month loan
5 points built into loan
15.25% annual interest rate
Wants me to have a credit score of: 650
Wants me to put 10% down.

Based on the above information:
Can I assume that the hard money lender does not like this deal?
These terms seem insane to me, and if the property was really being sold at 65% of actual value I could easily get better terms.
If the property is really being sold at 65% of actual value why would the wholesaler want me in on this deal?

Help me wise people with experience. I will humbly listen and be thankful.