• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About CCN
    • About Commercial Capital Network
    • Richard K. Newman, Founder
    • Hospitality Loan Application
    • Downloads
  • News
  • Email
  • Call 570-213-1903
  • LinkedIn
  • Feed

Inn Financing

  • Reviews-Clients
  • Prequalify
    • B&B / Inn Loan Prequalification
    • Prequalification Check List
    • Verified Financials Overview
  • Loans
    • Hospitality Loans
    • SBA 7a & 504 – Overviews
    • 401K Frequently Asked Questions
    • Loan Application
    • Downloads
  • Innkeeper Resources
    • FAQs of Aspiring Innkeeper
    • Articles for Aspiring Innkeepers
    • Tips for Innkeepers
    • Innkeeper Training Events
    • Inn / B & B Resources
    • Inn Partners and Bed & Breakfast Consultants
    • Bed & Breakfast Inns for Sale
  • Innkeeper Training
  • Inn Blogs

Prequalification for a Loan

August 6, 2019

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 will have an interest greater than 20% complete
an application including, identification, i.e., Driver License/s,

Financial Statement/s, Account Statements, Credit Authorization, Personal Debt Schedule, three
(3) most recent years Federal Tax Returns, Pay Stubs for Current Year, and Resumes for all
partners.

The Prequalified Buyer’s purchasing power and limitations are determined before requesting
the financial data from the seller. Realtors and sellers alike are more receptive to investing time
with a Prequalified Buyer™, because their qualifications and assets have been independently
verified. A Prequalified Buyer™ negotiates with confidence knowing they can consummate a
transaction.

print

Rick Newman

"Rick is a master at helping people finance Inns and B&Bs. What not too many people …

Read More

"We would not have been successful in achieving our goal of B&B ownership without …

Read More

Cornerstone B&B, Philadelphia, PA

"For more than 25 years, my grandmother (Rick Newman’s Mother) owned the New Hope Lodge in …

Read More

"We never would be here as innkeepers of the Sheridan House Inn at the gateway to the …

Read More

"Rick was such a pleasure to work with. He was helpful in guiding us through the ups and …

Read More

Primary Sidebar

Upcoming Innkeeper Training Events

Association of Lodging Professionals 2021 Virtual Conference & Marketplace
February 20, 2021 – February 23, 2021

Future Innkeeper Hands-On Workshop – SOLD OUT
April 22, 2021 – April 25, 2021

ONE DAY INTENSIVE INNKEEPING WORKSHOP™
April 24, 2021 – April 24, 2021

ONE DAY INTENSIVE INNKEEPING WORKSHOP™
April 24, 2021 – April 24, 2021

Future Innkeepers Hands-On Workshop
May 20, 2021 – May 23, 2021


What Clients Say . . .

“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 […]

“Dear Rick, Dallas and I thank you so very much for your patience and professionalism in working with us on the refinance of our 1887 Victorian B&B.  For the past two years we have tried, with no luck, to re-finance

“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

Connect with Us!




Subscribe to Receive B&B News!
Join Email List
Sending

Footer

Featured Bed & Breakfast Resources



BED & BREAKFAST INN ASSOCIATIONS

AIHP-logoAssn. of Lodging ProfessionalsMichigan Bed And Breakfast Association logoMichigan Bed & Breakfast Assn.

Oregon Bed and Breakfast Association logoOregon Bed & Breakfasts

Tips for Innkeepers
  • Press Releases
  • LinkedIn
  • Contact Rick by Email
  • Call 570-213-1903
Trusted Site Rapid SSL

Copyright © 2021 · Inn Financing & Consultants · Bed & Breakfast Inn Financing & Consultant · Hospitality & Resort Financing
Commercial Capital Network (CCN) · Log in