Country Inn / Bed & Breakfast Loan Prequalification Check List

List of items required to begin the Buyer Prequalification Certification Process: Commercial Loan Application Borrower’s Financial Statement/s Verifiable Proof of Assets to be applied to down payment and reserves e. Checking Account/s Savings and Investment Statements 401k/IRA Statement/s Three (3) Years Borrower’s Personal Tax Returns Resumes for all Principals Borrower’s credit report/s with credit scores […]

Country Inn / Bed & Breakfast Loan Prequalification

The Prequalified Buyer™ evaluation and designation provides 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 Buyer™ designation identifies a person or persons as having submitted, the required proofs and documentation for […]

Sheridan House Inn

“We never would be here as innkeepers of the Sheridan House Inn at the gateway to the Grand Canyon, with guests from all over the world delighting in our special brand of Arizona hospitality, without Rick Newman of InnFinancing. It’s a fact that most B&B owners don’t come from hospitality backgrounds, so walking into a […]

North Lodge at Oakland – Asheville NC

Meet David and Kevin… Kevin and Dave have been interested in owning a Professional B&B business for almost 2 decades. Dave was born in Northern Nevada but has lived in W. North Carolina for 13 years. He is a great cook and a licensed Realtor. Prior to purchasing North Lodge, he ran a successful Airbnb […]

The Lion and the Rose – Asheville NC

“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 […]

North Lodge at Oakland – 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 […]

Tall Pines Inn

“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 […]

Carolina Bed & Breakfast – Asheville

B & B Financing “My husband Kevin and I will tell you that we could not have bought the Carolina Bed & Breakfast in Asheville, NC without the invaluable knowledge, guidance and dogged persistence that Rick provided to us. Anyone who tells you that financing an Inn is an easy thing absolutely does not know […]

Devonfield Bed & Breakfast

Devonfield B&B, Lee, MA

Bed & Breakfast Financing “After an exhaustive search of inns in multiple states, we finally decided that the first inn we loved was, in fact, the inn of our dreams.  We needed to get moving to be able to close in time for the busy season, so we were pressed to find a lender that understood […]

1900 Inn on Montford

“We are the proud owners of the 1900 Inn on Montford as of 10 weeks ago, we know this would not have been possible without Rick and his team patiently guiding us through our great journey.  We learned from Rick how to utilize a retirement rollover to increase our working capital and how it all […]

Credit Report/s & Reporting Agencies

By: Richard K. Newman, Managing Partner of Commercial Capital Network 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 […]

Financing a Bed & Breakfast/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 […]

To Inn Owners and Aspiring Innkeepers:

“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, […]

To Inn Owners and Aspiring Innkeepers

To Inn Owners and Aspiring Innkeepers: “As Inn Owners and Innkeepers for 15 years, we’d like to take a valuable moment of your time to share a recent happy experience. Ray and I set out to build a special hospitality property in Hot Springs in 2001. We spent years designing and building a luxury bed […]

Eden Vale Inn ~ Placerville, CA

“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 […]

The Aerie Inn ~ New Bern, NC

“We initially found Rick’s website back in 2010 when we first entertained the thought of buying a bed and breakfast. I saved his site as a favorite and went about business as usual since the timing wasn’t right for us to buy. Keith and I would periodically peruse bed and breakfast for sale sites and […]

Stonecroft Country Inn ~ Leland, CT

“After a year of diligently searching for the ideal Bed and Breakfast Inn and financing options available to us, we found Rick Newman from Commercial Capital Network who helped us in prequalifying us for and ultimately securing a loan to finalize the purchase of our lovely inn.” “After looking at over 20 + B&B’s and […]

The Lake Pointe Inn

Congratulations to Scott and Lenina Lack on the purchase of The Lake Pointe Inn, we were pleased to help with their financing requirements. The Lake Pointe Inn
174 Lake Pointe Drive McHenry, MD 21541 Phone: (301) 387-0111 
www.deepcreekinns.com

Prequalified Buyers

The Prequalified Buyer designation was designed to provide 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. The prequalification process reviews a complete an application, personal identification such as driver’s license/s, passports& visas,  financial statement/s, […]

Business Plan Overview

Commercial lenders in general and the SBA, will require a business plan to provide the narrative, projections and assumptions to support a loan request. The borrower/purchaser must show they understand all aspects of the business they seek to acquire, the industry in general and market conditions that impact the viability of the business.  A well […]