Inn Financing
Bed & Breakfast Inn Financing, Mortgages, and Loans
Congrats Roy & Scott
“Commercial Capital Network just financed and closed the acquisition Pineapple Hill Inn located in New Hope, PA. Kindly reach out and welcome the new innkeepers, Roy Scott and Scott Stern. “
Rick Newman, Managing Partner Commecial Capital Network
Best Wishes to Valerie & Eric!
Please welcome the Hudson Valley’s newest innkeepers, Valerie Valente and Eric Miller, who recently purchased The Journey Inn Bed & Breakfast in Hyde Park, NY.
“We were pleased to provide funding for this wonderful inn, and to once again work with Eliot Dalton of Inn and Vineyard Brokers, New York.”
Rick Newman, Managing Partner Commercial Capital Network
The Mast Farm Inn
“Just Closed and Funded – The Mast Farm Inn, Banner Elk, NC.”
Henri and Marie-Henriette Deschamps
“We met Rick in 2006 and asked if he would agree to consult with us on issues impacting a seller in a transaction and also what a buyer might encounter in financing an inn. He offered to review and keep confidential our financial data to use in evaluating a buyers financial data to arrange financing options for buyers. I provided Rick updated financial results from time to time as we recommended that the buyers utilize Rick’s services to pre-qualify them as good prospects for our inn. We attempted transactions with a few prospects but final agreements did not occur for reasons unique to each potential buyer. After two years of discussions and updates our cooperative efforts were successful my wife and I sold our Bed & Breakfast in November 2008.”
David and Nadine Meade Cornerstone Bed & Breakfast Philadelphia, PA”
The White Doe Inn
“Bob and I have been innkeepers at the White Doe Inn for 12 years. We’ve decided that is was time for our own Inn to undergo some improvements and improve large accommodations on the property for the Innkeepers. Our situation required that we apply for a commercial loan rather than a residential mortgage and Rick Newman at Commercial Capital Network worked with us to make this happen. Rick was a very helpful by advising us every step of the way and we were able to get what we needed to accomplish our goals.”
Bob and Bebe Woody
The White Doe Inn
Manteo, NC
Burke Manor Inn
“Rick Newman and CCN 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 appreciated and helped set us at ease on many occasions. He has a true desire to help people. We would consider purchasing another Inn, only if Rick and CCN were involved!”
Lori & Lil Lacassagne
Burke Manor Inn Gibbonsville NC
Commercial Loans for Bed & Breakfasts, Country Inns & Resorts
Commercial Mortgage Lender / Broker
InnFinancing.com provides useful information to Innkeepers who wish to re-finance or re-structure the existing bed and breakfast mortgage obligations and Aspiring Innkeepers seeking to purchase and finance “The Inn of their dreams.” Commercial Capital Network (CCN), a nationwide mortgage lender / broker specializing in mortgage loans and financing for Bed and Breakfasts, Country Inns and Resort Properties, is the owner of this website. CCN provides access to commercial loan programs that may be used to either purchase or refinance bed & breakfast or an inn. CCN’s loan programs may be individually tailored to accommodate the long and short term financial and investment objectives of an inn owner or aspiring innkeeper.
Rick Newman, Founder of CCN and well-known consultant in the hospitality industry, works with Bed and Breakfast Inn Owners and Aspiring Innkeepers to help facilitate the orderly exchange of information and data required in today’s fast paced financing environment. Read Rick’s Bio and Client Testimonials
Get Pre-Qualified for Inn Loan
A Pre-Qualified Buyer™ certification process satisfies the concerns of both Inn Specialist Realtors and sellers, because it identifies a conscientious person or persons as having submitted the proofs and documentation necessary for verification prior to seriously entering the market. CCN’s Pre-Qualified Buyer™ designation, certifies that a review has been conducted [Read More. . .]
Use Your 401K / IRA to Buy an Inn
Did you know that you could use your IRA or 401 (k) to fund the down payment on a business or investment property? Few investors/entrepreneurs realize that they can finance the purchase of a business, such as a B&B, with retirement funds. Borrowing money usually involves repaying the principal with interest, and early withdrawals may be subject to a pre-distribution tax and penalty. There is another way . . [Read More]
Get Your Inn Financials Verified
Verified Financials™certifications signify that an independent evaluation of the inn’s business financials has been conducted and that the historical income & expense documentation reconciles to its Federal Tax Returns. Aspiring Innkeepers and their advisors understandably require copies of an inn’s financials to determine that the income from the inn [Read More. . .]