Refinancing seller financing with conventional lenders

[Quang Dao]

Currently we have seller financing for a small 13 unit mobile park in Arizona. It is a 7 year loan amortized over 20 years. Right now we 1.5 yrs into the loan.

My question is: With how rates have been these days, we want to refinance with conventional lenders (e.g. banks, credit unions). How have others been able to do this? Is there a certain waiting period before I can ask around for refinancing?

Goal is to be able to tap into the property for equity in the future for new projects.

Any help or advice or stories are appreciated.