💰 Refinancing Update: The HELOC Route

Following up from my last post (“Big Moves Ahead for Monument Glamping”) — the financing search has taken some interesting turns.

I’ve been exploring several paths to fund the 2026 build-out — the phase that could essentially double the value of Monument Glamping. My first stop was David Greene’s brokerage (The One Brokerage), where I spoke with Kevin. He was sharp, and the conversation was productive, but it eventually hit a wall.

Kevin suggested a DSCR loan, which he explained works best for properties with five or fewer units — primarily long-term or Airbnb-style rentals, not glamping operations. That was the first big limitation. Once he ran it past his underwriters, it became clear they didn’t have a loan product that really fit a multi-unit hospitality property like mine. His advice was to look local — a traditional or commercial lender might be a better fit.

So, that’s the next pivot. I’m shifting gears toward expanding my HELOC, which is starting to look like the cleanest and most flexible path forward. If I can raise my HELOC to $500K, it gives me the freedom to manage construction phases without jumping through hoops for a niche loan that doesn’t quite fit.

I’m still waiting to hear back from the bank that holds my line of credit — but I think this is the direction that gets Monument Glamping into its next growth phase with the least friction.

📅 November 12, 2025: Refinancing still in play — but the path is getting clearer.

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