Equity Loan on Land with rented mobile homes

[Alexander Williams]

I just recently bought a property that’s a 1 acre lot with 5 mobile homes on it, all currently rented. I don’t own the mobile homes I just charge lot rent. My question is:

1) Will a bank lend (specifically an equity loan or line of credit) on a property of this type?

2) If so, how do they appraise the land? Is it purely based on the monthly income from the mobile homes?

3) I have a lien on it with a private individual. I structured an owner finance, Will this effect my ability to get financing?

I hope I was able to articulate this correctly. Thanks BP members!