Refinancing in order to separate two lots

[Robbie Case]

I have two lots recorded under one deed and financed under one mortgage. Lot #9 has my home, and lot #10 (my back yard) is empty. I want to build a second home on the empty lot as a rent house. I am looking to refinance the current mortgage and utilize the equity to hold clear title on lot #10. I have been told by one lender that the lots would need two separate APNs before they will refinance. I was under the assumption that the APNs are assigned after the deeds are recorded. I’m hoping someone is familiar with this process and can offer some advice. Thanks so much!