Sell or RE-FI? Looking for best way to free up cash

[Jack Pomerantz]

9 newer condominiums purchased for cash at 40% below appraised value.  

 What is the best strategy to free up cash?

Sell off enough units to recoup expenditure?

RE-Finance at appraised value?

Only 2 units are rented out.  I think I could rent them all out at a 6% cap rate with no problems.

Thanks for any advice.