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“Picture this, Karen and I are at a national innkeeping seminar and trade show within days of closing on the Inn of our dreams when we get the word the bank has dropped our financing. The worst part was having to tell my wife the news. Enter Rick Newman and Commercial Capital Network. Within 24 hours he had connected us with an amazing group of people that literally picked up the ball and scored. We closed within 45 days start to finish. Personal and attentive to every detail, this was an amazing experience and we would not have been able to complete this journey without Rick and his team. Thank you from the bottom of our hearts!! ” 

David & Karen Browning
Eden Vale Inn
Placerville California
Devonfield Bed & Breakfast

“After an exhaustive search of inns in multiple states, we finally decided that the first inn we loved was, in fact, the inn of our dreams.  We needed to get moving to be able to close in time for the busy season, so we were pressed to find a lender that understood B&B financing and was actively lending in our local market.  To make matters even more challenging, we also needed to simultaneously finance our new home located on a separate lot next door to the inn.” 

“Having been a commercial loan officer for 20 years, I knew how challenging the hospitality sector can be. We could not afford to waste precious time & money submitting over and over again to lender after lender, and we did not want to risk losing our dream property or miss out on the peak summer business in the Berkshires.”

“After careful consideration, I swallowed my professional pride and decided to hire Rick Newman knowing full well I could save money if I tried to represent myself in front of lenders.  As it turned out, it was the best decision I ever could have made; Rick pre-qualified us instilling instant credibility with the sellers and realtors.  He provided extensive assistance creating our business plan.  Once we were in underwriting he knew when to be hands-on and when to let the underwriters and closers do their thing; most importantly, he got it right the first time!  Rick made sure we were comfortable along the way and that the process was orderly and professional.  We closed on time and Rick got us all the way through to the finish line without incident.”

“I don’t often write testimonials, but I will say if you truly want to finance the inn of your dreams on a timeline that fits your needs, then call Rick.  We listened to Rick’s advice, he’s great at what he does and if anyone can deliver…  Rick can!”

Doug Bagnasco
Devonfield Bed & Breakfast
Lee, Massachusetts

Prequalify to Buy a Bed & Breakfast or Inn

Loan Prequalification

The Prequalified Buyer™ evaluation and designation provides Aspiring Innkeepers a credible way to quantify how much purchasing power they really have as it relates to identifying hospitality properties that best fit their financial qualifications and professional/personal objectives. …

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Financing Frequently Asked Questions

FAQ

How can I know if I qualify for a loan to purchase an inn? A pre-qualification involves the review of a loan application and supporting documentation and is comprised of data and documentation for the buyer/s and quite often a property that is of particular interest. The buyer/s must have adequate …

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Use Retirement Assets for Inn Purchase

Using Retirement Assets to Purchase a B&B/Inn?

Few investors/entrepreneurs realize that they have the ability to self-direct their own retirement assets. Most believe the only two options are to borrow or withdraw from their account/s if they wish to invest in real estate or purchase/start up a new business. The downsides are… Borrowing from …

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What Clients Say . . .

Burke Manor Inn

"Rick Newman made our dreams a reality! His creative and positive approach to the financing of our Inn helped solidify this purchase. His wealth of knowledge about this industry was apparent throughout the process and his availability to us at anytime of the day, (not just 9-5) was greatly …

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Blair House Inn Bed and Breakfast

Congratulations to Chris and Lois Mahoney on the purchase of The Blair House Inn B&B. Blair House Inn Bed and Breakfast 100 W Spoke Hill Drive Wimberley, Texas (TX) 78676 Phone: (512) 847-1111 www.blairhouseinn.com …

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The Fox and the Grapes Bed & Breakfast

Congratulations to Bud and Kim Wagner on the purchase of The Fox and the Grapes Bed & Breakfast. The Fox and the Grapes Bed & Breakfast 9496 NY-414 Lodi, NY 14860 Phone: (607) 582-7528 www.TheFoxandtheGrapes.com …

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More Client Reviews