Problem:
The user is building links using HTML and Toolset shortcodes for the URL. The shortcode does not return the expected URL.

Solution:
The issue is somehow caused by Elementor. Maybe Elementor does some preprocessing of its modules before evaluating Toolset shortcodes. The shortcodes works as expected inside a Toolset Content Template.

As a workaround, create the link inside a content template, and include the content template inside the Elementor template. Check this reply: https://toolset.com/forums/topic/repeating-image-field-output-raw-does-not-display-correctly-if-used-in-a-href/#post-1910861

Relevant Documentation:
https://toolset.com/documentation/programmer-reference/views/views-shortcodes/