Your options are to find an alternative Commercial Lender who specializes in these types of transactions. 

I just heard about this alternative to tax deferral. 

On the flip side, you're going to have to ask yourself if you have any attractive alternates in which to invest your money and, preferably, are you willing to live in the in the new investment (i.e. house hack a multi-family property) or significant downgrade your standard of living accommodation.

There are also free alternatives or you can make your own spreadsheet.

Whole different vibe than a hotel alternative.

Alternatively, depending on what your currently owe with the refinanced debt... what about employing a BRRR-like strategy? 

I actually didn't know there was an alternate to CMHC.

If you do not have any experience in development and understand the approval processes, architecture, engineering and construction costs, forget this alternative. 

In terms of funding your property, as an alternative to VA loan, you can partner up with someone and buy a deal as a JV.

I'm looking for a mortgage broker recommendation in South Florida, especially someone that works and has expertise in Alternative Documents Loan (Alt-A loan).Thanks in advance!