Hard Money lending interest scenario/question.

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I came across this awesome Hard Money Example from Josh Dorkin on Bigger Pockets in my research on Hard Money lending and am stumped on how the interest was calculated. Below are the details:

A typical lender might say:

I will loan 60% of ARV (appraised repaired value), with 5 points, 500 in document fees and a 6 month interest only balloon payment loan at 10%.

To translate on a deal that appraises at $200,000:

They will loan you up to 60% ($120,000). To get the loan, you will pay $6,000 in points + $500 in document fees, and you will pay $1,167.67 on the loan, until you sell the property or until 6 months is up.

I am stumped as to how the interest is calculated $1,167.67. I assume the interest rate is a yearly APR rate so even then shouldn't the interest be $1,000 a month on a $120,000 loan? At six months, that would be $6,000. Any idea how @jrdorkin is coming up with the $1,167.67 value?