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 >
The Value of Appraisals/Valuations Prior to Marketing Your Inn
Using 401k/IRA Assets to Purchase a Business or Commercial Property
By Rick Newman, Managing Partner of Commercial Capital Network Few investors/entrepreneurs realize that they have the ability to finance the purchase of a business with retirement funds. Most people believe that there are only two options available to them if they want or need to access capital from their plan/s. Borrowing involves repaying the principal…Read More >
Business Plan Overview
A commercial financing involves an analysis of business financials i.e. three years tax returns and Current Year to Date P&L and the borrower/s personal financials i.e. three years tax returns and pay stubs for current year. Commercial lenders in general and if applicable, the SBA, will require a business plan/executive summary to support the loan…Read More >
Verified Financials™ Overview
CCN’s Verified Financials™ program is designed to provide Innkeepers and realtors a designation that can be used to instantly differentiate their hospitality property listing from other B&B listings on Industry Websites, Multiple Listing Services, and conventional advertising. CCN’s Verified FinancialsTM certification signifies that an independent evaluation of the inn’s business financials has been conducted and…Read More >
Pre-Qualified Buyer™ Overview
CCN’s Pre-Qualified Buyer™evaluation and designation, was designed to provide Aspiring Innkeepers a credible way to quantify how much purchasing power they really have as it relates to identifying hospitality properties that best fit their financial qualifications and investment objectives. The designation, certifies that a review has been conducted according to generally accepted commercial underwriting guidelines, by verifying…Read More >
Using Your 401k/IRA to Purchase a Business or Commercial Property
By Rick Newman, Managing Partner of Commercial Capital Network Few investors/entrepreneurs realize that they have the ability to finance the purchase of a business with retirement funds. Most people believe that there are only two options available to them if they want or need to access capital from their plan/s. Borrowing involves repaying the principal…Read More >