Hard to get Loans

[Jim Murphy]

Okay , So I bought a short sale for all cash and fixed it up and rented it out, went to a local bank had it appraised for 90,000 they gave me a loan of $ 60,000 [ by the way because I was in a nasty divorce my credit is poor] I bought a secont house for $10000 again fixed it up with $30,000 and rented it out, I put $20,000 in my saving account. I then bought another house in Schenectady that I borrowed $ 50,000 from the same bank on my second house I fixed up the third house and have since rented it out.
However now my bank says they can't lend me on the third house as collateral all three are rented net monthly rents are $ 2075.00 two mortgages are less that $400.00 per month
They gave two reasons 1] the 3rd property was out of their area . 2] they have introduced new lending standards and the fact that my credit has been bad inside the last two years means they cannot lend to me.
Has anyone run into issues like this? Does anyone have any ideas , I have approached hard money lenders and they charge a higher rate One actually wanted 9% but I would have to flip the house because he wanted the loan repaid in one year.