The 8 Broads in the Kitchen love to stir up fun in the kitchen! They are on a sugar high, celebrating their 10th anniversary with the publication of their third and sweetest cookbook, Desserts! A dessert cookbook with stunning photos and mouthwatering recipes. Desserts! has a variety of treasures to satisfy any sweet tooth - from cakes, cookies, cobblers, and crisps to pies and puddings; from family favorites and fruit desserts to icy treats and cocktails; from prize winners to family favorites and foreign accents. They have even included easy and fun recipes for kids or the kid in you. …
Aspiring Innkeepers
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 and analysis; before identifying or contracting to purchase a specific hospitality property. Prequalified Buyer™ designation, confirms that all parties to an acquisition who …
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 listed below are for informational purposes only, as lender guidelines vary. Credit Scores are extremely important to a lender in evaluating the merits of a loan. Your credit or FICO scores have a direct impact on the rate, term and …
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 (principal and interest payments). Example: $125,000 in NOI and $100,000 in annual mortgage debt service - DSCR = 1.25 Commercial lenders use the DSCR to analyze how large of a commercial loan can be supported by the cash flow generated from the property or …
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 experience the owners provide. While the charm and ambiance of an inn add to a patron’s experience, such intangibles have only an indirect effect on its actual commercial value. An Inn’s commercial value will ultimately be determined by a combination of the real …
