Please Explain hard money loan

[Frankie Betancourt]

Ok i have watched many videos and looked online but none explained a simple answer im looking for Usually i read hard money loans go by points and high interest etc..and are short term typically 1 year....SO does that mean i barrow for example 50000$ i have to pay back 50000$ in one year plus intrest>? im not really understanding the monthly payment scenario  can someone please elaborate thanks