Have questions about hard money lenders and repayment schedule

[Shawn McCarney]

Hi, I live in Nashville and I'm looking to buy my first rental deal and use it as a BRRRR. Wondering how to get money and then pay it back. Does HML want to be paid back on a monthly payment or can I just pay them back everything after I get a mortgage a year later? purchase price is 70,000 for house with tenant already there. AVR after a year should be close to 100,000.