How much do I need to have for a down payment to purchase an inn?
Buyers should have 30% of the project cost to cover the following: Down Payment – 10%…
Are inns offered “For Sale by Owner” worth considering?
They could be, but it is difficult for a seller to impartially establish the value of…
How can I know if I qualify for a loan to purchase an inn?
A prequalification involves the review of a loan application and supporting documentation and is comprised of…
How long will it take, beginning to end, to close once I have identified the Inn of our dreams and made a buying decision?
After the offer and contract have been negotiated and accepted, the mortgage contingency period will begin.…
Can the Inn I love be… “The Inn of My Dreams?”
This is the million-dollar question… Most aspiring innkeepers who contact me do so prior to beginning…
Financing a Bed & Breakfast/Inn
All Bed & Breakfasts/Inns are unique by design; in fact, it is that unique quality that…
To Inn Owners and Aspiring Innkeepers:
"We decided to list our inn for sale with the B&B Team, knowing and expecting special…
Prequalified Buyers
The Prequalified Buyer designation was designed to provide Aspiring Innkeepers a credible way to quantify how…
Rachael’s Dowry
…“Sometimes when the climb is long, winding and rough, your best option is to hire a competent guide and patient mentor to lead the way. The process of finding and buying the right B&B looked like a very steep climb
The Hoyt House
…“My husband Ricky and I decided to leave the corporate world and fulfill our dream of owning and operating our very own Bed and Breakfast. The search for the perfect B&B was on immediately.
Fox Hill Bed & Breakfast Suites
“From our initial telephone conversation and throughout the entire process, your professionalism was outstanding. Your guidance,…
The Wagner at Duck Creek
…“Rick was an incredible asset during a very long acquisition process of what is now The Wagner at Duck creek. Quite literally, we would not have endured the process or conclude with such a successful outcome if it were not for his wise counsel,
Reynolds Mansion
"Rick Newman made our first commercial loan experience seem effortless. He walked us through the financing…
Old Stone Inn
"Rick stuck with me through a difficult financing process, and got me the money I needed…
Palms Cliff House
"Rick made the loan process seamless. He explained everything clearly and answered all of our questions…
Crystal Wood Lodge
"It was certainly a pleasure doing business with you Rick, and I wouldn't hesitate to do…
Arnold Black Bear Inn
…“We had been trying, unsuccessfully for over a year to refinance our B&B with local banks, national banks, online commercial lenders and brokers, without any luck. We finally got in touch with Rick, and got the process started, which was pretty painless.
Verified Financials™ Overview
CCN’s Verified Financials™ program is designed to provide Innkeepers and realtors a designation that can be…
Prequalified Buyer™ Overview
CCN’s Prequalified Buyer™ designation, was created to provide Aspiring Innkeepers a way to document how much…
