Six Myths About Inn Financing
By Rick Newman, Founder of Commercial Capital Network 1. Any bank will finance the purchase of…
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…
