Rick Newman, Founder of Commercial Capital Network, has introduced two new programs to provide certifications for both sellers of Bed and Breakfast/Inn Properties and Aspiring Innkeepers searching for the “Inn of their dreams”.

Why should an Aspiring Innkeeper become a Pre-Qualified Buyer™?

CCN’s Pre-Qualified Buyer™ certification identifies a person or persons as having submitted the required proofs and documentation for verification prior to identifying or contracting for the purchase of a bed and breakfast or country inn. The buyer’s qualifications as such, are well established and certified by CNN, so that potential buyers and their realtors have realistic parameters to find a property that fits their financial qualifications.  Of equal importance, sellers are comforted and more cooperative knowing they are sharing their financials and tax returns with a buyer that has been Pre-Qualified by Commercial Capital Network

As a recognized leader in the industry, CCN’s Pre-Qualified BuyerTM designation, certifies that CCN has reviewed and verified the identities, professional qualifications, personal assets, liabilities, income and credit of all principals and has determined a range for which financing could be obtained relative to the parameters of a specific property and transaction.

All partners who will have an interest greater than 20% shall submit a complete application package, including, identification i.e. Driver License/s, Financial Statement/s, Account Statements, Credit Authorization, Personal Debt Schedule, three (3) most recent years Federal Tax Returns, Pay Stubs for Current Year, and Resumes for all partners. A thorough, independent review and verification will be completed prior to the issuance of our Pre-Qualified BuyerTM designation.

Verified Financials™ Program Overview?

Aspiring Innkeepers and their advisors need to evaluate an inn's financials and tax returns to make a buying decision and to determine how much they can afford to pay for a property. An important determinate in that process will be that the income from the inn will be sufficient to pay all expenses, service the loan and produce an acceptable bottom line profit relative to the financial needs of the buyer. CCN’s Verified FinancialsTM 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.

For more information, phone Rick Newman at 1-609-759-1050.
He's always ready to help you and your business grow!

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