can you BRRRR a leasehold property? (hawaii)

[Jamie Lutch]

I understand the ups and downs of leaseholds, but had a specific question

if you were to BRRRR a property (say you bought it cash or owner carry) and had a fair bit of equity in it after rehabbing, and could demonstrate cash flow, would it be able to be refi'd to roll the next project? Assuming the usual rules-of-thumb for financing leaseholds (loan term less than lease term, for example)

is it equally as difficult as financing a property with a lease expiration (just) under 30 years, which banks are very leery to do?