Financing for the Hospitality Industry

Commercial Capital Network, (CCN), is a nationwide mortgage lender, specializing in commercial loan programs for the hospitality industry.   CCN provides access to commercial loan programs that may be used to either purchase or refinance bed & breakfast or inn properties.   CCN is a member of select regional and state hospitality associations, the Professional Association of Innkeepers International (PAII) and maintains relationships with other leading hospitality affiliate organizations and professionals.   CCN exclusively serves the  hospitality industry and is well known helping both Innkeepers restructure their financial obligations and Aspiring Innkeepers to acquire the “Inn of their Dreams”.     Click here to view Rick’s Testimonials

Rick has introduced a new program which offers independent analysis services and corresponding certifications to Bed and Breakfast/Inn Properties and Aspiring Innkeepers.  CCN’s certification programs provide Innkeepers marketing their bed & breakfast or country inn and Aspiring Innkeepers seeking the “Inn of their dreams” the accommodations to facilitate a seamless and timely exchange of financial information.

Inn Specialist Realtors prefer to represent and Innkeepers feel more comfortable entertaining the interests of a perspective buyer who has been “Pre-Qualified” as a pre-requisite to releasing financial information or investing  time with a prospect who without the certification, may lack sufficient assets, credit or other qualifications to finance  the acquisition of a business.

A Pre-Qualified Buyer™ certification process satisfies the concerns of both realtors and sellers, because it identifies a conscientious person or persons as having submitted the proofs and documentation necessary for verification prior to seriously entering the market.  The buyer’s qualifications can be well established and certified by CNN, so that potential buyers and their realtors have realistic parameters established to help them identify a property that fits their financial qualifications and investment objectives. CCN’s Pre-Qualified Buyer^™ designation, certifies that a review has been conducted according to generally accepted commercial underwriting guidelines, by verifying the identities, professional qualifications, personal assets, liabilities, income and credit of all partners who will have an interest greater than 20%, and has determined a range for which financing could be obtained assuming the historical performance of the business would support a reasonable level    of financing  relative to its anticipated/appraised value.   Read Pre-Qualified Buyer™ Overview

A Verified Financials™ certification signifies that an independent evaluation of the inn’s business financials  has been conducted and that the historical income & expense documentation reconciles to its Federal Tax Returns.  Aspiring Innkeepers and their advisors understandably require copies of an inn’s financials to determine that the income from the inn will be sufficient to pay all expenses, service the desired loan and produce an acceptable bottom line relative to the ongoing financial needs of the buyer; the former must logically be determined before a well informed buying decision can be made.  Read Verified Financials™ Overview

Call Rick’s Direct Line: 609-759-1050 or E-mail : ccnllc@gmail.com

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IRA Down Payment/Investment Option

Did you know that you could use your IRA or 401 (k) to fund the down payment on a business or investment property? Read Article

INVEST IN YOURSELF  !!!!

• Re-direct existing retirement funds to purchase a business where the success of your investment is in YOUR hand
• Increase your purchasing power
• Purchase a business or investment property with assets you already have but did not know you could use without incurring cost prohibitive penalties.
• Access your assets to increase your down payment and reduce the loan required for acquisition
• Use 401(k) or IRA to Pay for Capital Improvements Read Article