“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.
Bed & Breakfast, Country Inn & Resort Financing Client Testimonials
“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…]
“Bob and I have been innkeepers at the White Doe Inn for 12 years. We’ve decided that is was time for our own Inn to undergo some improvements and improve large accommodations on the property for the Innkeepers. Our situation required that we apply for a commercial loan rather than a residential mortgage and Rick Newman at Commercial Capital Network worked with us to make this happen. Rick was a very helpful by advising us every step of the way and we were able to get what we needed to accomplish our goals.”
Bob and Bebe Woody
The White Doe Inn
“Rick Newman made our dreams a reality! His creative and positive approach to the financing of our Inn helped solidify this purchase. His wealth of knowledge about this industry was apparent throughout the process and his availability to us at anytime of the day, (not just 9-5) was greatly appreciated and helped set us at ease on many occasions. He has a true desire to help people. We would consider purchasing another Inn, only if Rick and CCN were involved!”
Lori & Lil Lacassagne
Burke Manor Inn
“Rick Newman made our first commercial loan experience seem effortless. He walked us through the financing process, showcasing our business plan and financial forecasts in such a way that multiple lenders were interested in financing our property. Rick’s confidence and dedication made this project successful. He stayed with us both before and after the closing providing us with valuable insight and contacts within the innkeeping industry. We highly recommend Rick Newman and look forward to years of enjoyment in our new adventure.”
Mike and Patricia Andriaccio – Reynold Mansion, Bellefonte, PA