CCN’s Verified Financials™ program is designed to provide Innkeepers and realtors a designation that can be used to instantly differentiate their hospitality property listing from other B&B listings on Industry Websites, Multiple Listing Services, and conventional advertising.

CCN’s Verified Financials^TM 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.     

CCN’s underwriting process examines the following to determine an acceptable range of debt relative  to the average of the historical business cash flow:

• Three (3) most recent years Federal Tax Returns
• Three (3) most recent Income & Expenses Statements
• Current Year to Date Income & Expenses Statement
• Prior Year Income & Expenses Statement for the corresponding period

CCN’s confidentiality policy and practices protects the ALL financial data and documentation.    CCN shall:

• Evaluate all financial documents and proofs necessary to issue its opinion on business financials as they relate to commercial financing
• Entitle the innkeeper/owner, agents or representatives to use the Verified Financials™ designation in all media and advertising

Note: Underwriting a commercial financing combines an analysis of both the business being acquired and the personal qualifications and assets of the principal/s seeking to purchase.

As an added benefit, CCN will confidentially retain this financial data and documentation; this service insulates an owner from sharing sensitive data with un-qualified prospects.   Once a Pre-Qualified Buyer™ has been identified; the property/business data may be combined with that of the buyer to efficiently underwrite the feasibility of a successful transaction.

CCN’s Pre-Qualified Buyer^™evaluation and designation, was designed to provide Aspiring Innkeepers  a credible way to quantify how much purchasing power they really have as it relates to identifying hospitality properties that best fit their financial qualifications and investment objectives.   The  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.   

CCN’s 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 confidentiality policy requires CCN to keep confidential, all identities, personal data and documents, and shall only use same for evaluation purposes.  Once a qualified property has been identified, CCN may use this personal data to combine with property specific financial data to determine the viability of an acquisition relative to the objectives of the borrower/s.

Pre-Qualified Buyer™ services shall include:

• Evaluate ALL financial documents and proofs necessary to issue its opinion on personal  financials as they relate to commercial financing.   
• CCN shall Issue a Pre-Qualified Buyer™ Certification Letter which may be presented to realtors and Innkeepers/property owners
• Once a property has been identified, CCN shall provide an independent review of the business financials i.e. three (3) years Tax Returns and Income and Expense Statement (P&L) together with current year P&L