Rick Newman began his career in 1976 with Chicago Title Insurance Company in Cherry Hill, New Jersey. He co-founded Guardian Title Agency in Princeton, NJ in 1985 and also Weichert Title Agency in 1990. Following the sale of his title insurance interests and a brief two-year retirement, Rick formed Commercial Capital Network in 2004 to accommodate the unique financial needs of inns, bed and breakfast and boutique hotel properties. Through this website Rick offers consulting services to aspiring innkeepers who wish to purchase “The Inn of their dreams” and innkeepers who seek to re-finance or re-structure debt obligations.
Commercial Capital Network exclusively serves this niche market, consulting with owners of inns, bed & breakfasts, and hotels throughout the US. In 2007 he introduced an innovative program to the hospitality industry, which liberates the use of retirement assets for the purchase of an inn, without incurring penalties or tax liabilities. This program has helped many clients over the years fund a more significant down payment and ultimately has increased the purchasing power of his clients. His testimonials pay tribute to his client-centric approach to lending and the lasting relationships he has developed with his valued clients.
Rick’s connection to the hospitality industry has its roots in his family’s 30-year ownership of a twenty-eight-room property in New Hope, Pennsylvania. He has authored numerous articles on subjects of particular interest to aspiring innkeepers. He is a member of the Professional Association of Innkeepers International (Paii) and Association if Independent Hospitality Professionals (AIHP).