Condo Refinance Challenge - Over 50% of Units Renter Occupied

[Pete Cordero]

Hello, I'd love some advice out there and a second brain on a question I have been asking myself.

With the current downward trend in rates, I'd would love to refinance my rental property which is a condo currently at 4.5%. It has good equity and my credit is strong. With the current numbers, I could refi for 3.6-3.8% and get rid of PMI. It would be worth it.

Issue is the complex's records show under 50% of units as owner occupied, which has caused rejection from every conventional lender I have approached. 

Any ideas on other lenders or ways to get around this challenge. 

Thanks!

Pete