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.

A Pre-Qualified Buyer™ certification process satisfies the concerns of both Inn Specialist 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

Verified Financials™certifications signify 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

 

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IRA/401k Self Directed Roll Over Strategies

Aspiring Innkeepers:

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

Did you know that friends and family members who wish to invest in your project can do so by rolling over their retirement assets?

“It is a great time to buy” and accessing 401k’s and IRA’s may just work for you.  Buyers can mobilize investment assets and capitalize on what many feel may be the bottom of the real estate market.  Investors who use this “self directed investment option” may shelter ongoing profits of the business as well as the gains realized from the appreciation in the value of the business and real estate.  Profits from operations and gains due to the appreciation in the value of the business of real estate flow through to the investor proportionate to their interest in the stock.  Consequently, appreciation and wealth grows “tax deferred”… a great way to grow your money.

Innkeepers:

Yes, a similar structure may be used to invest IRA/401k assets into a B&B/Inn that is currently in operation.  Most people who are familiar with this program believe it is only used to acquire a new inn when in fact, this may be just the vehicle you need to further capitalize your property to add guest rooms, amenities or for general business reorganization/expansion.  You may roll over your IRA/401k, but you may also welcome the investment of family and friends who wish to support your project.   This may be an attractive option to use if you cannot or prefer not to refinance you current obligations.

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