How do you refinance your AirBnB without a 12-month lease?

[Megan Hirlehey]

Hi BP,

I have an AirBNB that I'm looking to refinance. It is owned by a partnership (so I need a commercial RE loan) and I don't have any loans against the property. The company that owns the property has loans, so I want to refi the house and use the cash to pay off the company's loans so the debt is attached to the asset it belongs to.

I know that in the twisted logic of the banking world, a 12-month lease in the middle of an eviction moratorium is a safer bet than an escrow account that ALREADY contains the money owed by the respective tenants through the end of the year, guaranteeing the rent will be paid.. so how do other people do it? Are there specific lenders out there that specialize in STRs? There must be a way..

Thanks!