InnFinancing.com and Commercial Capital Network are owned by Richard K. Newman, a nationwide consultant, specializing in financing strategies for bed & breakfasts, historic inn, country inns, boutique hotels, and resort properties. Rick consults with B&B/inn owners who wish to restructure debt obligations, but dedicates the majority of his energy helping the next generation of innkeepers navigate the challenging process to find and purchase “The Inn of Their Dreams.” Rick helps his clients by providing the following services:
- Initial Loan Prequalification, to determine a price range and purchase strategy relative to the financial qualifications and objectives of his client;
- Property evaluations to identify qualified inns before investing time, capital and energy visiting non-qualified properties;
- Introductions to industry specialists and consultants;
- Business plan development for use in loan approval;
- Package documents, proofs, and application in preparation for submission to qualified investors/lenders;
- Establish a strategy to secure a suitable loan solution relative to his client’s financial qualifications and goals;
- Consult with qualified lenders/investors and negotiates rates, terms, and programs; and,
- Assist client and coordinate with lender, title insurer and other professionals during preparation for closing.
All Trademarks and Copyrights are the property of Richard K. Newman, reproduction or use of any material is strictly prohibited.