2021 Inn Financing Update

By Richard K. Newman, Founder – Commercial Capital Network, LLC The last time we had interest rates at present levels we were faithfully watching such great shows as Leave it to Beaver, Dennis the Menace, and I Love Lucy. By Richard K. Newman, Founder – Commercial Capital Network, LLC. Times have changed, and interest rates […]

Six Myths About Inn Financing

By Rick Newman, Founder of Commercial Capital Network 1. Any bank will finance the purchase of an Inn or Bed & Breakfast. THIS IS A MYTH – Many banks view the hospitality industry as a high-risk property type of business, second only to restaurants. As such, if a borrower is under-capitalized or if the property […]

Reporting Agencies and Credit Reports

Note: This material is being provided for general information purposes. This overview is intended to alert the reader to the importance of managing his/her credit. General guidelines, material, and other information are being provided as a courtesy. No representations or warranties are made as to the accuracy or processes covered herein. The Credit Tier Examples […]

Viable Vs. Lifestyle Inns

Commercial real estate financings are generally presumed to be serviced by the income from commercial property ONLY, as such a Debt Service Coverage Ratio (DSCR) is used to underwrite the loan. The DSCR or debt service coverage ratio is the relationship of a property’s annual net operating income (NOI) to its annual mortgage debt service […]

Financing a Bed & Breakfast/Inn

All Bed & Breakfasts/Inns are unique by design; in fact, it is that unique quality that separates one Bed & Breakfast/Inn from the next.  Innkeepers invest their energy and capital over time to create a welcoming and hospitable environment that is special to them, their community and valued guests who appreciate the inn and the […]