Buyer willing to pay above appraisal, lender issues.

[Andrew O.]

A restaurant owner is looking to buy one of our flips, bank appraised at $200,000, we are asking $230,000 and buyer is happy to pay $230,000. The extra cash the buyer wants to bring to the table is from the restaurant, and the bank is dubious about the means used to extract the money from the business.

I'm not getting into the ethics of this, because I don't know whether the funds are dubious or not. But is there a way for the buyer to pay above the appraised amount if the bank isn't cooperative.

Does the bank legitimately have a position to question the source of funds?

Should we simply sell at $200,000 and create a 2nd for the $30,000 payable immediately? Or will the bank balk at this? This seems like a simple problem to have, suggestions?

Andrew