Commercial lending for a lakefront RV park
Hello, I have an opportunity to purchase a lakefront RV park, with a ton of upside potential. But I am hitting a roadblock when getting financing, the current owner is old school, and he didn't keep any financial records. The park is full right now with long term renters, they keep their RVs at the park and come in on weekends and holidays, etc. There is a 1200 sq ft building (the owner is currently living in) that I will turn into a short-term rental. There is a paid boat launch, fuel, ice and vending sales that is not currently advertised (only word of mouth). The potential to increase the revenue is huge, but to qualify for a loan the bank needs to see the financials (P&L, tax returns, etc.)
What are some financing options for a situation like this? (The owner will absolutely not owner finance).