Bed & Breakfast Inn Financing, Mortgages, and Loans
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. With the [...]
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 [...]
“Rick made the loan process seamless. He explained everything clearly and answered all of our questions without delay. He was a pleasure to work with.” John & Michelle Gamble Palms Cliff House Hilo, Hawaii
“As for words . . . it was certainly a pleasure doing business with you Rick, and I wouldn’t hesitate to do it again. You helped us out of a touch situation and were very professional while establishing a friendship. And we still want you to come out to visit us!” Liz Parrish & Peggy [...]
“Rick stuck with me through a difficult financing process, and got me the money I needed when other lenders were unable or unwilling to do so. With a somewhat overpriced property, and a tightening credit market, Rick worked with me on an almost daily basis to make the purchase happen. I doubt that anyone else [...]