Rick Newman
Managing Partner
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BedandBreakfastFinancing.com is owned by Commercial Capital Network, (CCN) is a nationwide lender, specializing in commercial loan programsthat are perfectly suited to the unique needs of 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. The company exclusively finances hospitality properties and is well known in the industry for working with both Innkeepers restructure their financial obligations and Aspiring Innkeepers to acquire the “Inn of their Dreams” .
Rick has introduced two new programs to provide certifications for both Innkeepers and Aspiring Innkeepers. Prior to the development of CCN’s certifications, parties often had a difficult time coordinating a seamless and timely exchange of financial data. His evaluation services help Innkeepers and Aspiring Innkeepers come together by removing cumbersome hurdles the parties encounter in sharing financial information.
Sellers of Bed and Breakfast/Inn Properties want to know that a potential buyer has been Pre-Qualified by a lender who understands the hospitality industry, prior to divulging financial information and Federal Tax Returns; they also want to avoid wasting time with un-qualified buyers who lack sufficient assets or credit to consummate a transaction. Buyers and their advisors on the other hand require this critical data to evaluate and ultimately make a well informed buying decision.
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