The Lodge at Moosehead Lake
“Congratulations to Larry and Bev Burgess, the New Innkeepers of The Lodge at Moosehead Lake located in Greenville, Maine” The Lodge at Moosehead Lake 368 Lily Bay Road Greenville, ME 04441
The Aerie
“For many years, we thought about owning a Bed & Breakfast when the time was right. When we reached that point, we set out to learn as much as we could about becoming innkeepers and how to avoid the pitfalls in finding the right property and funding that made sense for our individual situation. Early […]
Brampton Bed & Breakfast Inn
“Congratulations to Dave and Hilari Rinehart, the new owners of the historic Brampton Bed and Breakfast Inn located in Chestertown, Maryland.” Brampton Bed & Breakfast Inn Chestertown, Md
Solomons Victorian Inn
“Congratulations to Stephen and Shawn Riggin, the new owners of Solomons Victorian Inn located on the southern tip of Solomons Island, MD along the western shore of the Chesapeake Bay.” Solomons Victorian InnSolomons Island, Md
Oak Hill on Love Lane
“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, […]
Determine Market Value Before Marketing Your B&B or Country Inn
All Bed & Breakfasts/Inns are unique by design; in fact, it is that special and unique quality that distinguishes one Bed & Breakfast/Inn from the next. Innkeepers invest their creative energy and capital over time to create a welcoming and hospitable environment that is unique to their community and valued guests. While the charm and […]
Tips for Innkeepers Preparing for a Sale of a Bed & Breakfast or Inn
Conventional wisdom among B&B/Inn consultants is that an innkeeper should have an exit strategy the day they purchase the inn, in fact, some contend it should be part of the initial business plan. Since it is my job to work with a buyer from an aspiring innkeeper to innkeeper, I thought it might be useful […]
The Aerie
Congratulations to John and Beth Blackwelder, the new owners of The Airie inn located in New Bern NC. The Aerie New Bern, NC
Black Walnut Bed & Breakfast
Congratulations to Alicia Wilson, the new owner of the Black Walnut Bed & Breakfast located in the historic Montford area of Asheville NC Black Walnut Bed & Breakfast Asheville NC
The Yellow House Bed & Breakfast
“We would not have been successful in achieving our goal of B&B ownership without Rick’s help and guidance. His thoughtful and smart approach consistently kept us a step ahead without overwhelming us, even when significant obstacles appeared. He was persistent and creative partner who focused on real solutions – and that made all the difference. […]
Echo Mountain Inn
Congratulations to the Bonnema family members, Bud & Jan and Travis & Becky in the acquisition of the Echo Mountain Inn, Hendersonville, NC Echo Mountain Inn Bed & Breakfast Hendersonville, NC
Oak Hill on Love Lane
Congratulations to Anna Kitzis, proud new owner and innkeeper of Oak Hill on Love Lane. Oak Hill on Love Lane Bed & Breakfast Inn Waynesville, NC
Wright Inn and Carriage House
Congrats to the Riffle Family, proud new owners of The Wright Inn. Wright Inn and Carriage House Asheville, NC
Cornerstone Bed & Breakfast
“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 […]
Six Myths About Inn Financing
By Rick Newman, Founder of Commercial Capital Network 1. Any bank will finance the purchase of an Inn or Bed & Breakfast. THIS IS A MYTH – Many banks view the hospitality industry as a high-risk property type of business, second only to restaurants. As such, if a borrower is under-capitalized or if the property […]
Prequalification for a Loan
The Prequalified Buyer™ evaluation and designation provides Aspiring Innkeepers a credible way to quantify how much purchasing power they have as it relates to identifying hospitality properties that best fit their financial qualifications and professional/personal objectives. A Prequalified Buyer™ designation identifies a person or persons as having submitted, the required proofs and documentation for verification […]
Reporting Agencies and Credit Reports
Note: This material is being provided for general information purposes. This overview is intended to alert the reader to the importance of managing his/her credit. General guidelines, material, and other information are being provided as a courtesy. No representations or warranties are made as to the accuracy or processes covered herein. The Credit Tier Examples […]
Viable Vs. Lifestyle Inns
Commercial real estate financings are generally presumed to be serviced by the income from commercial property ONLY, as such a Debt Service Coverage Ratio (DSCR) is used to underwrite the loan. The DSCR or debt service coverage ratio is the relationship of a property’s annual net operating income (NOI) to its annual mortgage debt service […]
Financing a B&B / Country Inn
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 special to them, their community and valued guests who appreciate the inn and the […]
Country Inn / Bed & Breakfast Loan Prequalification Vs. Preapproval
A Preapproval differs from Prequalification in commercial lending, in that the “Preapproval” is issued after a preliminary underwriting determination has been made. The buyer’s qualifications, and the data from the commercial property are combined to assess the risks versus the merits of the loan application. Financial records on the business/property being acquired will be needed […]
