“Besides being a key player in securing financing for our Inn purchase, Rick Newman was a voice of reason and sanity during the emotional roller coaster ride we call Buying a B&B. My wife and I looked at B&Bs from [Read more…]
“Dear Rick, Dallas and I thank you so very much for your patience and professionalism in working with us on the refinance of our 1887 Victorian B&B. For the past two years we have tried, with no luck, to re-finance [Read more…]
“When it was time for us to refinance our loan, we were very discouraged after working with several local banks and getting nowhere. Even the bank that had held the mortgage on our property for over 50 years and four owners did not want to bother working with us.
“We purchased our property in 2005 “as is” with a residential loan. We went through our local zoning process to have our building re-established as a small bed and breakfast after years of it not being used as a lodging property. Every time we wanted or needed to do something to upgrade our property, we hit a brick wall because now we had a business but no commercial loan.
“I can’t thank you enough for all your support, patience, honesty, advice, collaboration, and friendship during the process of buying the Journey Inn Bed & Breakfast. Not only did you help secure an amazing loan for us [Read more…]
“Rick’s knowledge of the B&B and financing industry and his ability to clearly and accurately provide advice and present options were the instrumental factors that allowed us to purchase Pheasant Field Bed and Breakfast [Read more…]
Our purchase of the Halsey House B&B in Trumansburg, NY would not have happened but for your able assistance and knowledge of the lending industry. We knew that money was tight and that our options were limited but your strong suggestion to make use of pension/401K [Read more…]
“Betsy joins me in extending our gratitude to you for laboring with us in securing refinancing for The Boxwood Inn. We sincerely appreciate your patience, professionalism, your intimate knowledge of the hospitality industry [Read more…]
“Wow, Wow, Wow…..Who would have thought that getting financing for a Bed and Breakfast would be such a trial? But a trial it was.
Since I already own my own Real Estate company [Read more…]
“Just Closed and Funded – The Mast Farm Inn, Banner Elk, NC.”Henri and Marie-Henriette Deschamps