I've spoken to a few lenders, and none of had solutions to this.

I have been a lender and investor for 20yrs. 

Total Mortgage lends in most states; we have been the #1 lender for 4 years in a row in CT. 

As a buyer of the HOA it would be unlikely that the lender would release information to you that would allow you to do anything other than payoff the loan in full.

Also, you can ask a hard money lender in your direct area who would have the contact too. 

Just realize both homes will be under that mortgage. you do not need a partial lien release unless you are going to be getting funding on that other lot, if that is the case getting a lender to do a partial lien release is a big headache. 

you MIGHT be able to use a commercial loan, possibly even an SBA loan.. but a private lender might work better. is the seller open to creative financing?

Hey @Dan Fendius, I think definitely talk with a lender to figure out your monthly, but honestly, do what is going to feel most comfortable and helps you take action quicker.

Speaking from private/hard money terms, the loan would most likely be considered a delayed purchase if less than ~5 months depending on the lender, and no financing was used on the original purchase.

If you DM me - I will give you a list of some of the best agents, lenders, PMs, etc here in Indy!