1 Entity 2 properties 2 separate loans

[Hai Loc]

I have 1 entity that owns 2 mobile home parks in Ohio. There is an existing loan for both parks. I am in the process of refinancing one of the parks which will pay off the debt of that one park and I will have access $$. I already spoke to the note holder of the existing loan and they were fine with paying off the proportionate debt of the park I am refinancing and keep the balance on the other park. 

I don't want to have 2 separate loans on each park under 1 entity because it just seems messy especially when filing taxes..

So my question is would it make sense to create a new entity to own the park that I am refinancing and keep my existing entity with the park I am keeping with existing loan?

Would this be complicated for the lender and from a legal standpoint? Also any transfer fees that may be applicable? 

Thanks in advance for any input