Lease Option

Has anyone lease optioned a park and then exercised the option using bank financing? I am wondering how a bank will handle the financing if at time of exercising the option, the purchase price is considerably lower than the appraised value?

If I lease option a park with high vacancy at a price justified by the cash flow today, and am succussful in filling the park up to acceptable financing levels, the value will be much higher. This wouldn’t be considered a refi, but the park should be worth considerably more.