Have you ever had a property that was not able to be re-financed?

[Laura Spaulding]

I purchased a condo, rehabbed it, and there is a tenant in it currently. I contacted my lender to do a cash out refi and they said the condo was not Fannie Mae warrantable. I had never heard about that and they said because there was so many people who were behind on their HOA fees that I couldn't re-finance the condo. Has anyone had that happen before? If so are there alternatives? I was going to BRRRR this property.