Inn Financing http://innfinancing.com Bed & Breakfast Inn Financing, Mortgages, and Loans Mon, 23 Jan 2012 14:53:41 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Crystal Wood Lodge http://innfinancing.com/crystal-wood-lodge/ http://innfinancing.com/crystal-wood-lodge/#comments Mon, 23 Jan 2012 14:48:47 +0000 admin http://innfinancing.com/?p=1038 “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 tough situation and were very professional while establishing a friendship. And we still want you to come out to visit us!!!”

Liz Parrish & Peggy O’Neil
Crystal Wood Lodge,
Klamath Falls, OR
]]> http://innfinancing.com/crystal-wood-lodge/feed/ 0 The Mast Farm Inn http://innfinancing.com/the-mast-farm-inn/ http://innfinancing.com/the-mast-farm-inn/#comments Mon, 23 Jan 2012 14:28:54 +0000 admin http://innfinancing.com/?p=1030 “Just Closed and Funded – The Mast Farm Inn,  Banner Elk, NC.”

Henri and Marie-Henriette Deschamps
]]> http://innfinancing.com/the-mast-farm-inn/feed/ 0 http://innfinancing.com/1027/ http://innfinancing.com/1027/#comments Mon, 23 Jan 2012 14:22:27 +0000 admin http://innfinancing.com/?p=1027 “We met Rick in 2006 and asked if he would agree to consult with us on issues impacting a seller in a transaction and also what a buyer might encounter in financing an inn. He offered to review and keep confidential our financial data to use in evaluating a buyers financial data to arrange financing options for buyers. I provided Rick updated financial results from time to time as we recommended that the buyers utilize Rick’s services to pre-qualify them as good prospects for our inn. We attempted transactions with a few prospects but final agreements did not occur for reasons unique to each potential buyer. After two years of discussions and updates our cooperative efforts were successful my wife and I sold our Bed & Breakfast in November 2008.”

David and Nadine Meade
Cornerstone Bed & Breakfast
Philadelphia, PA”
]]> http://innfinancing.com/1027/feed/ 0 Burke Manor http://innfinancing.com/burke-manor/ http://innfinancing.com/burke-manor/#comments Wed, 18 May 2011 14:19:56 +0000 admin http://innfinancing.com/?p=1016

“”Rick Newman and CCN helped us think “out of the box” and create a way to utilize our IRA and 401K monies in order to purchase our Inn. We previously had difficulties with “traditional funding” and had almost given up hope with obtaining our dream until Rick shared with us the IRA/401K solution without incurring any penalties.  It definitely was creative and legal!”

 
Lori & Lil Lacassagne
Burke Manor
Gibsonville, NC
]]> http://innfinancing.com/burke-manor/feed/ 0 What if I have more than one retirement savings account? http://innfinancing.com/what-if-i-have-more-than-one-retirement-savings-account/ http://innfinancing.com/what-if-i-have-more-than-one-retirement-savings-account/#comments Mon, 21 Feb 2011 20:41:26 +0000 admin http://innfinancing.com/?p=962

Answer:   Not a problem. You can consolidate all of your retirement accounts in the new retirement plan.

]]> http://innfinancing.com/what-if-i-have-more-than-one-retirement-savings-account/feed/ 0 My accountant (or lawyer) wasn’t familiar with this type of plan or sure it could be done. Why is that? http://innfinancing.com/my-accountant-or-lawyer-wasn%e2%80%99t-familiar-with-this-type-of-plan-or-sure-it-could-be-done-why-is-that/ http://innfinancing.com/my-accountant-or-lawyer-wasn%e2%80%99t-familiar-with-this-type-of-plan-or-sure-it-could-be-done-why-is-that/#comments Mon, 21 Feb 2011 20:39:36 +0000 admin http://innfinancing.com/?p=960

Answer:  Retirement planning is a highly specialized field; for this reason we recommend that you use a firm that deals only with retirement and pension fund planning and administration when dealing with your retirement or pension funds. While your accountant or attorney may not be familiar with this type of plan, we’ll be happy to walk through the process with them.

]]> http://innfinancing.com/my-accountant-or-lawyer-wasn%e2%80%99t-familiar-with-this-type-of-plan-or-sure-it-could-be-done-why-is-that/feed/ 0 The White Doe Inn http://innfinancing.com/954/ http://innfinancing.com/954/#comments Mon, 21 Feb 2011 20:20:43 +0000 admin http://innfinancing.com/?p=954 “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
Manteo, NC
]]> http://innfinancing.com/954/feed/ 0 Burke Manor Inn http://innfinancing.com/burke-manor-inn/ http://innfinancing.com/burke-manor-inn/#comments Mon, 14 Feb 2011 16:58:37 +0000 admin http://innfinancing.com.temp.realssl.com/?p=893 “Rick Newman and CCN 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
Gibbonsville NC

]]> http://innfinancing.com/burke-manor-inn/feed/ 0 How can I be sure it’s OK? http://innfinancing.com/how-can-i-be-sure-its-ok/ http://innfinancing.com/how-can-i-be-sure-its-ok/#comments Thu, 10 Feb 2011 13:47:03 +0000 admin http://innfinancing.com.temp.realssl.com/?p=849

Answer: Our partners have decades of experience in designing retirement plans to comply with the Employee Retirement Income Security Act (ERISA) of 1974, as well as Internal Revenue Code provisions. In fact, the plan was designed by our partner, an ERISA attorney himself – Len Fisher. We feel so confident about the design of our plans that Len’ company stands behind his plans with the industry’s only written guarantee for plan design, and he provides this guarantee up-front to each and every one of our clients.

]]> http://innfinancing.com/how-can-i-be-sure-its-ok/feed/ 0 Can I really use my retirement funds to open a business without taxes or penalty? http://innfinancing.com/qcan-i-really-use-my-retirement-funds-to-open-a-business-without-taxes-or-penalty/ http://innfinancing.com/qcan-i-really-use-my-retirement-funds-to-open-a-business-without-taxes-or-penalty/#comments Thu, 10 Feb 2011 13:46:22 +0000 admin http://innfinancing.com.temp.realssl.com/?p=846

Answer:   In most cases, yes. Our plans are designed to meet the IRS requirements for qualified retirement plans. IRS regulations permit the rollover of funds from qualified plans to qualified plans without taxes or penalties. Regulations also permit investment of retirement funds in the stock of the sponsoring company. The benefits of the plan do come with responsibility. It is imperative that a qualified retirement plan be established for the new company, and that it be used and operated as such. It is also required that this qualified retirement plan be made available to all eligible company’s employees. Because compliance is essential, it’s important to work with a company that specializes in retirement plan design and administration, to ensure compliance at set-up, and continued compliance year-after-year.

]]> http://innfinancing.com/qcan-i-really-use-my-retirement-funds-to-open-a-business-without-taxes-or-penalty/feed/ 0