Bed and Breakfast Inn Financing
Richard K. Newman, FounderCommercial Capital Network (CCN) is a nationwide lender, specializing in commercial mortgage loan programs that are perfectly suited to the unique financial needs of bed and breakfasts and country inns. CCN provides direct access to SBA and Conventional programs that can be used to either purchase or refinance most any hospitality property. From hotel to motel to bed & breakfast or country inn/inn these programs may tailored to accommodate a borrower’s long and short term investment objectives.
CCN maintains memberships with select regional, state and national hospitality associations and values its close relationships with other leading hospitality affiliates, organizations and professionals. Rick Newman has dedicated his career in business lending to finance hospitality properties and is known among his peers and customers for providing analysis and consultation on bed & breakfast/inn properties relative to the changes in the financial markets.
Customers comment that Rick’s assistance in pre-qualifying investment opportunities relative to the individual client’s assets and strategies is invaluable and once a plan has been determined Rick becomes a staunch advocate in securing funds for Innkeepers who wish to restructure their current financial obligations or for Aspiring Innkeeper’s who desire to find and purchase the “Inn of their dreams”.
Rick’s familiarity with the need for a financing specialist in the industry is rooted in his family’s 20 year ownership of a property in New Hope, Pennsylvania. Rick was the first in the nation to offer non-bank conventional and state programs to the bed and breakfast industry; he also introduced an innovative and useful program using 401(k)/IRA assets toward the down payment on a bed and breakfast/inn property.
