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Prequalify to Buy a Bed & Breakfast or Inn

The Prequalified Buyer™ evaluation and designation 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 professional/personal objectives. A Prequalified …

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Frequently Asked Questions

Use Retirement Assets for Inn Purchase

Few investors/entrepreneurs realize that they have the ability to self-direct their own retirement assets. Most believe the only two options are to borrow or withdraw from their account/s if they wish to invest in real estate or purchase/start up a new business. The downsides are… Borrowing from …

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What Clients Say

“Picture this, Karen and I are at a national innkeeping seminar and trade show within days of closing on the Inn of our dreams when we get the word the bank has dropped our financing. The worst part was having to tell my wife the news. Enter Rick Newman and Commercial Capital Network. Within 24 hours he had connected us with an amazing group of people that literally picked up the ball and scored. We closed within 45 days start to finish. Personal and attentive to every detail, this was an amazing experience and we would not have been able to complete this journey without Rick and his team. Thank you from the bottom of our hearts!! “

David & Karen Browning, Innkeepers
Eden Vale Inn
Placerville California

“Rick is a master at helping people finance Inns and B&Bs. What not too many people say is that Rick takes each sale personally and you make a friend for life.  Rick helped me finance Oak Hill On Love Lane in Waynesville, NC last year, but the relationship did not stop after the closing.  Rick, treats each sale personally and goes out of his way to ensure that you become a successful inn owner.  Rick checks in to make sure that things are going well at the B&B/Inn.  As soon as Rick hears about industry changes that may affect his clients, he updates everyone never assuming that you know about it.  If he thinks that you are doing something that may affect your business negatively, he reaches out to you. This can be an email, a phone call, etc.  He is also smart enough to know when he doesn’t have the answer, and points you to the right person who will help.”

Anna Kitzis, Innkeeper
Oak Hill on Love Lane
Cornerstone B&B, Philadelphia, PA

“For more than 25 years, my grandmother (Rick Newman’s Mother) owned the New Hope Lodge in New Hope, PA.  I spent much of my childhood after school with her at the inn watching her work never imagining that one day I would want to own an inn myself. I know my Grandmother would be so pleased to know I used my portion of the proceeds she left to her grandchildren to purchase an inn, and that her life’s work as an innkeeper made this all possible.”

“When my husband and I first considered owning a B&B, we weren’t entirely sure of the process and timeline. We thought it would take us years. Luckily, my uncle Rick was there to guide us, in fact, he recommended we consider the Cornerstone B&B adjacent to the University of Pennsylvania and Drexel University in Philadelphia. He had assisted the previous owners buy the inn eleven years prior, and when it went on the market in 2018, he told us it was a wonderful performing property, and a smart investment in an interesting and active location.”

“From start to finish, he was with us every step of the way. He brought together a team of talented B&B experts to work with us including industry vendors, a website designer, a videographer/photographer, and even our inn consultant Eliot Dalton of The B&B Team. With his guidance and user-friendly business plan templates, he gave us confidence and helped shape our purchase and financing of the inn.”

“We began the process in mid-February and settled on April 29th, 2019. Thanks to Uncle Rick, it only took about six weeks for everything to come together from start to finish, an extraordinary feat! We are now the proud owners of the Cornerstone B&B in Philadelphia! It was a family effort, and we honestly couldn’t have realized our dream without him. I know my grandmother would be so happy to know that her family worked together as a team to continue her legacy.”

Jill and Eric Pfaff-Moody, Innkeepers & Proprietors
Cornerstone Bed & Breakfast
Philadelphia, PA

“Rick was such a pleasure to work with. He was helpful in guiding us through the ups and downs of financing our inn. He was a huge part in making our dream come true and we cannot express how grateful we are to have connected with him. He is truly an expert in the field but the best part was that we made a lifelong friend in the process. Thank you, Rick, for everything!!!”

Steve and Karen Wilson, Innkeepers & Proprietors
The Lion and the Rose
Asheville, NC

“We spent the better part of 15 years dreaming of owning a Bed & Breakfast. We toured numerous Inns, attended The B&B Team’s Aspiring Innkeeper Seminar, and conversed with many Innkeepers to educate ourselves about the Innkeeping Business. We put in a great deal of effort to develop a knowledge of the business, however, the process seemed arduous and we felt completely overwhelmed with all that needed to be accomplished if we were to finally buy the inn we have dreamed about for so long. We were honestly beginning to wonder if our aspirations of innkeeping were realistic given what seemed to us to be a mountain before us.”

“We remembered hearing about Rick Newman and looked up his website InnFinancing.com. I decided one morning to reach out to take advantage of his experience with the industry. Rick and I hit it off on the phone instantly and I knew right away how genuine and sincere he was about wanting to help us. From start to finish this individual is a class act. He stayed in constant contact with us, introduced us to colleagues in every area of the transaction and helped us secure and close on our wonderful inn in under 45 days, which I believe is a record in Asheville.”

“We would encourage any Aspiring Innkeeper to reach out to Rick early in your journey. His attention to detail is out of this world and he knows this business inside and out. We have heard from other Innkeepers in our area that they went through lender after lender, and that B&B sales can take up to 8 months to close and they still may fall apart for any number of reasons.”

“We had spoken to Rick almost every morning and felt like we were more than just his clients, we had become friends. We were so pleased when he decided to drive down to Asheville from his Pennsylvania home to be with our family on our special day.”

“We are now the proud new owners of North Lodge on Oakland B&B in Asheville, NC. Many thanks to Mr. Rick Newman.”

David & Kevin, Innkeepers & Proprietors
North Lodge on Oakland Bed & Breakfast
Asheville NC

“We started in October and missed 5 closing dates struggling to finance the purchase of Tall Pines Inn. We were told by every lender that we were well qualified, so we didn’t understand why we were having trouble securing a mortgage. We tried for months to work with banks local to the property.  It cost us money, time, and it was very confusing and frustrating, and we were really stuck because we wanted to close in time to make changes before the busy season started. We felt had such an amazing opportunity and we did not want to let it pass by.

We were truly exasperated and had all but given up when Peter Scherman suggested we call Rick Newman to help us, and in was the best decision we could have made. Rick really cared, and he coaxed and coached us along the way as we wrote our business plan; he also gave us a big shove when we needed it. We really enjoyed working with Rick, and still find it fun when he calls out of the blue to say “hi!” He is just a “down to earth” kind of person to work with. Yes, Rick can get the job done, he is worth every penny, but the best part, you are working with a friend and not just another vendor. We are thankful we brought him in to work with us.”

Michelle & Keith Frey, Innkeepers
Tall Pines Inn
Eureka Springs, Arkansas

SBA Disaster Relief Loans

WHAT CLIENTS SAY . . .

"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 …

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"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. …

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"We decided to list our inn for sale with the B&B Team, knowing and expecting special properties like Lookout Point could take time to sell. After 2 ½ years on the market we were notified that a couple from the Boston area was interested in coming to visit our inn. Not only were they interested, …

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More Client Reviews

Featured Articles



Upcoming Innkeeper & Aspiring Innkeeper Training Events

Future Innkeepers Hands-On Workshop

August 13, 2020-August 15, 2020
(3:00 PM-1:00 PM)

Once you’ve taken one of our workshops and want to explore Innkeeping in a practical way, or if you have made the decision to become an innkeeper, the real fun begins to understand how a bed and breakfast or inn actually operates to keep guests returning again and again. If this is the case, you may wish to sign up for this practical workshop. From Read More preparing breakfast to cleaning rooms, our hands-on workshop will let you experience the steps involved to provide a guest experience that will define your inn. This boot camp occurs over 4 days, is limited to a maximum of 4 people, and occurs at Bed & Breakfast on Tiffany Hill where you will stay and work throughout the entire workshop with personalized instruction, workbook, (2) lunches, and (2) dinners included in the workshop fees plus private consultation within one year after the workshop. Attendees Innkeeper should check-in at 2 pm as the workshop will begin at 3:00 PM. Please plan to depart after 1:00 PM on the final day. Pre-Requisite: You must have attended one of our other seminars or workshops or an approved substitute.  Instructor:  Linda Hayes and the host Innkeeper, Selena Einwechter and her team.  Email: lh@ijkpartners.com Workshop Location: Bed & Breakfast on Tiffany Hill, Mills River, NC. (10 minutes from Asheville International Airport)  Upon confirmation of your seminar registration, each attendee is responsible for booking and paying for their room by calling the inn directly and requesting one of the rooms held for this workshop. A 25% discount is offered for additional room nights booked beyond the required three nights and must be requested at the time of booking. Fees: $900.00 for one person and $495.00 for a second related person or person from the same property.  A confirmation and payment instructions will be sent directly to you upon verification of the pre-requisite. Please click here to complete this registration form.   https://bbteam.com/seminars/seminar-registration/  Confirmation of completion of a level one class will be verified before an invoice is sent to you. Cancellation Policy: If you must cancel your registration, please contact your instructor directly.  Since this workshop is limited to only 4 attendees, cancellation is requested 60 days prior, to receive a full refund. Any cancellation received within 60 days prior to the workshop will be refunded only if the space is rebooked. A $100 cancellation fee will be deducted from the refund. Lodging cancellations will be governed by the inn’s cancellation policy.

Cost: $900 One Person / $495 Second Person
Location: Mills River, NC
Contact: Linda Hayes lh@ijkpartners.com
Online Registration or Ticket Purchase


Intensive Innkeeping Workshop™

August 15, 2020-August 15, 2020
(8:30 AM-5:00 PM)

This one-day intensive workshop is limited to a maximum of 8 participants and is tailored to include participants’ individual scenarios, goals, and questions while covering the essential topics of buying and operating an inn or bed and breakfast.  A comprehensive survey and phone consultation prior to the workshop, as well as instruction, Read More workbooks, lunch and a follow-up consultation, are included. Additionally, participants will have the opportunity to meet local innkeepers during the weekend. Upon confirmation of your registration, we will schedule your pre-session phone consultation. Attendees for the one-day intensive workshops should plan on being at the workshop venue by 8:30 AM on Saturday. We will start at 9:00 AM and run until 5:00 PM. Join us for dinner on Friday (at your own expense) as a casual way to get to know one another better. Instructor:  Eliot Dalton     email: eliot@eliotdalton.com Workshop Location:  Hilton Garden Inn, Chadd’s Ford, Pennsylvania Lodging: There are numerous lodging options to choose from. Upon confirmation of your registration, we will provide you with a list of recommended inns and bed and breakfasts. Fees: $199 for one person or $250 for two people Cancellation Policy: Since this workshop is limited to only 8 attendees, cancellations received with 30 or more days’ notice before the workshop will receive a full refund less a $25.00 cancellation service fee. Any cancellation within 30 days prior to the workshop will receive a credit (less the cancellation fee) for a future workshop. Workshop size is limited and registration is on a first-come – first-served basis. Should the workshop be full, we will advise you immediately and place you on a priority waitlist.

Cost: $199 One Person / $250 Two People
Location: Mendenhall Inn, Chadd’s Ford, Pennsylvania
Contact: eliot@eliotdalton.com
Online Registration or Ticket Purchase


Intensive Innkeeping Workshop™

September 12, 2020-September 12, 2020
(8:30 AM)

This one-day intensive workshop is limited to a maximum of 8 participants and is tailored to include participants’ individual scenarios, goals, and questions while covering the essential topics of buying and operating an inn or bed and breakfast.  A comprehensive survey and phone consultation prior to the workshop, as well as instruction, Read More workbooks, lunch and a follow-up consultation, are included. Additionally, participants will have the opportunity to meet local innkeepers during the weekend. Upon confirmation of your registration, we will schedule your pre-session phone consultation. Attendees for the one-day intensive workshops should plan on being at the workshop venue by 8:30 AM on Saturday. We will start at 9:00 AM and run until 5:00 PM. Join us for dinner on Friday (at your own expense) as a casual way to get to know one another better. Instructor:  Eliot Dalton     email: eliot@eliotdalton.com Workshop Location: Griswold Inn, Essex, Connecticut Lodging: There are numerous lodging options to choose from. Upon confirmation of your registration, we will provide you with a list of recommended inns and bed and breakfasts. Fees: $199 for one person or $250 for two people Cancellation Policy: Since this workshop is limited to only 8 attendees, cancellations received with 30 or more days’ notice before the workshop will receive a full refund less a $25.00 cancellation service fee. Any cancellation within 30 days prior to the workshop will receive a credit (less the cancellation fee) for a future workshop. Workshop size is limited and registration is on a first-come – first-served basis. Should the workshop be full, we will advise you immediately and place you on a priority waitlist.

Cost: $199 One Person / $250 Two People
Location: Griswold Inn, Essex, Connecticut
Contact: eliot@eliotdalton.com
Online Registration or Ticket Purchase


Intensive Innkeeping Workshop™

September 26, 2020-September 26, 2020
(8:30 AM)

This one-day intensive workshop is limited to a maximum of 8 participants and is tailored to include participants’ individual scenarios, goals, and questions while covering the essential topics of buying and operating an inn or bed and breakfast.  A comprehensive survey and phone consultation prior to the workshop, as well as instruction, Read More workbooks, lunch and a follow-up consultation, are included. Additionally, participants will have the opportunity to meet local innkeepers during the weekend. Upon confirmation of your registration, we will schedule your pre-session phone consultation. Attendees for the one-day intensive workshops should plan on being at the workshop venue by 8:30 AM on Saturday. We will start at 8:30 AM and run until 5:00 PM. Join us for dinner on Friday (at your own expense) as a casual way to get to know one another better. Instructor:  Eliot Dalton     email: eliot@eliotdalton.com Workshop Location: Idlwilde Inn, Watkins Glen, New York Lodging: There are numerous lodging options to choose from. Upon confirmation of your registration, we will provide you with a list of recommended inns and bed and breakfasts. Fees: $199 for one person or $250 for two people Cancellation Policy: Since this workshop is limited to only 8 attendees, cancellations received with 30 or more days’ notice before the workshop will receive a full refund less a $25.00 cancellation service fee. Any cancellation within 30 days prior to the workshop will receive a credit (less the cancellation fee) for a future workshop. Workshop size is limited and registration is on a first-come – first-served basis. Should the workshop be full, we will advise you immediately and place you on a priority waitlist.

Cost: $199 One Person / $250 Two People
Location: Idlwilde Inn, Watkins Glen, New York
Contact: eliot@eliotdalton.com
Online Registration or Ticket Purchase