What to expect using hard money?

[Don Ellestad]

I have some questions. I found a 6 plex for $400,000, it is turn/key, fully occupied, and selling about $80,000-$100,000 less than market value because the seller is motivated. The current gross rents are $5,193 per month. The seller doesn't want to do seller financing and I do not have the 25% down payment. My thought is to go Hard Money Loan. So my main question is what would I need to expect, in detail, if I used a hard money loan to finance it and refi-ed in a year?  What would the cost of financing be? Are there any other strategies y'all would use? Thanks for any and all imput!