Financing for STR Condotel units

[Jason Lum]

Hi folks,

I just learned that Condotel financing is quite different from other SFH financing. The Loan to Values are the worst and products are kind of bad. Anyone know any institutions other than Finance Factors that have offers?

I get how to acquire cash flowing units. Can use the FF program twice, and partner on future units. However, what are some strategies to get equity out of these units after acquisition? What is the "refinance" step of the BRRR process?