Printable Version – The Importance of a Qualified Valuation Prior to Listing an Inn for Sale By Rick Newman, Managing Partner of Commercial Capital Network, LLC All Bed & Breakfasts/Inns are unique by design; in fact, it is that special and unique quality that distinguishes one Bed & Breakfast/Inn from the next. Innkeepers invest their…Read More >
2013 Inn Financing Update
May 21, 2013 by
Printable 2013 B&B Financing Update By Rick Newman of Commercial Capital Network, LLC There is a common misconception, that there are only two options available if a person wanted or needed to access capital from their retirement plans i.e. borrowing or terminating the plan altogether. Borrowing is certainly an option for most plans, but, in…Read More >
Congrats Roy & Scott
May 10, 2013 by
“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!
May 10, 2013 by
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…Read More >
The time to sell or purchase an inn could not be better!
January 7, 2013 by
By Rick Newman of Commercial Capital Network, LLC The last time interest rates were at present levels, the Howdy Doody Show was a daily favorite of many of the profile/traditional buyers shopping for “The inn of their dreams”. Couples who have “Retired but are not Tired” are the typical buyer for bed & breakfast/inn properties.…Read More >
**2013 INN FINANCING UPDATE**
January 7, 2013 by
Innkeeper’s… 2013 Financing Update! By Rick Newman, Managing Partner of Commercial Capital Network, LLC 2013 looks promising for commercial banks and non bank lenders alike. For the first time since mid 2007 my investors are more flexible when considering properties in the hospitality sector. What a great time to buy! Rates are the lowest in…Read More >
The Value of Appraisals/Valuations Prior to Marketing Your Inn
January 7, 2013 by
By Rick Newman, Managing Partner of Commercial Capital Network, LLC The BIG Picture: 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 unique…Read More >
Use Your 401K / IRA to Buy an Inn
February 1, 2011 by
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…Read More >
Get Your Inn Financials Verified
January 26, 2011 by
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. . .]
Get Pre-Qualified for Inn Loan
January 26, 2011 by
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. . .]
