Why is condo inventory different from one apartment building?
Every condominium unit can have its own title, value, taxes, HOA obligations, occupancy, and release price. The lender must underwrite both the portfolio and each unit.
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Can I refinance unsold condo units together and access equity?
Potentially—commercial and blanket lenders may refinance eligible remaining condominium inventory together, using unit values, sales history, cash flow, borrower strength, and negotiated release prices to structure the loan.
Answers before an application
The questions investors ask before they move forward.
Can cash out help with reserves?
Sometimes. Select lenders may permit an approved portion of cash-out proceeds to establish post-closing reserves. This is transaction-specific and must be approved in underwriting.
What happened at Edison Midtown in Phoenix?
Ahoo refinanced 20 individually titled units together at approximately 75% LTV after 37 of the original 60 units had sold. An eligible portion of the cash out established required post-closing reserves and created liquidity for project obligations and the next project.
What documents should a developer prepare?
Provide the full unit schedule, title and lien detail, values, leases or listings, HOA costs, prior sales, requested loan, proposed release prices, cash-out use, and repayment strategy.
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