BRRRR refinance question

[Brock Norton]

So I get the process of BRRRR. My question is in the actual refinance portion. When you refinance a home at 70%-ish LTV of ARV after repairs/updates and its rented does the lender just give you cash in the form of a check or direct deposit into your account that you then are responsible to use to pay off your hard money lender, private lender, or to just get your own cash back? And then you are just then paying a traditional mortgage from there on out, right?

From what I gather there are some who do give you cash (check/direct deposit).  Some will pay off your private or hard money lender directly.  Some require seasoning and others don't.  Some you can do a delayed finance exception and others not.  

Any insight on this portion would be appreciated!