First mobile home park

[Mike Reynolds]

So I am under contract to buy a MHP. Was supposed to close on Friday BUT....the owner has refused to show his financials. We can assume why that is. Perhaps he drew cash out all this time and has no physical record of it. Perhaps he doesn't like the IRS. Whatever the reason I am unsure of what to do next. Here is where I am at.

25 space/225 per month minus 6 vacant (I have 3 of these rented after close at 350)

The park is for sale at 240k. 

The land appraisal came in at 205k not including any homes or money coming in. The "commercial" appraisal stated they could not include any income in the appraisal because it couldn't be proven. 

The bank says they will still make the loan work if I come with more collateral. Out of principle I dont want to do this. I offered collateral in the beginning and almost pleaded with them to use it. Now I am just mad at a banker that doesn't seem to know his job. AND an appraiser. 

I sent the buyers agent to see if the seller would renegotiate. Haven't heard back yet but I thought if he would seller finance it I could be like Johnny Paycheck to that banker. But that wont really cut it as I am pretty sure he wont go for it. It is one reason he went with us instead of another offer.

So I thought about offering the 205k plus do a side note to the seller for 35k. How would that work if anyone has ever done anything like this? Could this even be done? 

Another thought was to take a loan from my SOLOK. I am not sure this would even be above board since I am not using it in this transaction at all and didn't want to. This one is completely out of the retirement accounts. 

Maybe there is something else I am missing?