Prime Mortgage Rate Cycles
With interest rates being so low in recent years, it is easy to forget that mortgage…
News / Articles / Information and Resources for Bed and Breakfast Inn Owners and Aspiring Innkeepers; Financial Related Articles; Articles about loans to purchase or refinance an Inn.
With interest rates being so low in recent years, it is easy to forget that mortgage…
ANSWER: Aspiring innkeepers should attend industry conferences and aspiring innkeeper seminars to get a feel for…
ANSWER: Aspiring innkeeper’s needs vary based on many factors. Moving from a single-family home into an…
ANSWER: We have all heard this before. As it related to financing, hospitality properties may represent…
ANSWER: They could be, but it is difficult for a seller to impartially establish the value…
ANSWER: A pre-qualification encompasses reviewing the loan application and supporting documentation. The review includes data and…
ANSWER: The Pre-qualification process establishes a range in purchasing power a buyer/s has as it relates…
ANSWER: A Pre-approval differs from Pre-qualification in commercial lending in that the “Pre-approval” or Term Sheet/Letter…
ANSWER: It is difficult to know until all financial documentation has been provided by the seller. …
Depending on the financial history of the B&B/Inn, buyers should have 30% to 40% of the…
ANSWER: Yes, it can be used, particularly when the property has been underperforming for any number…
ANSWER: After the contract has been negotiated and accepted, the inspections and mortgage contingency period will…
ANSWER: In most cases, yes. Our plans are designed to meet the IRS requirements for qualified…
ANSWER: Not a problem; you can consolidate all your retirement accounts in the new retirement plan…
Answer: In most cases, yes. Our plans are designed to meet the IRS requirements for qualified…
Answer: Retirement planning is a highly specialized field; for this reason, we recommend that you use…
Answer: Not a problem. You can consolidate all your retirement accounts in the new retirement plan.
By Richard K. Newman, Founder - Commercial Capital Network, LLC The last time we had interest…
All Bed & Breakfasts/Inns are unique by design; in fact, it is that special and unique…