Bed & Breakfast Inn Financing, Mortgages, and Loans
“As for words … it was certainly a pleasure doing business with you Rick, and I wouldn’t hesitate to do it again. You helped us out of a tough situation and were very professional while establishing a friendship. And we still want you to come out to visit us!!!” Liz Parrish & Peggy O’Neil Crystal [...]
“Just Closed and Funded – The Mast Farm Inn, Banner Elk, NC.” Henri and Marie-Henriette Deschamps
“We met Rick in 2006 and asked if he would agree to consult with us on issues impacting a seller in a transaction and also what a buyer might encounter in financing an inn. He offered to review and keep confidential our financial data to use in evaluating a buyers financial data to arrange financing [...]
“”Rick Newman and CCN helped us think “out of the box” and create a way to utilize our IRA and 401K monies in order to purchase our Inn. We previously had difficulties with “traditional funding” and had almost given up hope with obtaining our dream until Rick shared with us the IRA/401K solution without incurring [...]
“Bob and I have been innkeepers at the White Doe Inn for 12 years. We’ve decided that is was time for our own Inn to undergo some improvements and improve large accommodations on the property for the Innkeepers. Our situation required that we apply for a commercial loan rather than a residential mortgage and Rick [...]
“Rick Newman and CCN made our dreams a reality! His creative and positive approach to the financing of our Inn helped solidify this purchase. His wealth of knowledge about this industry was apparent throughout the process and his availability to us at anytime of the day, (not just 9-5) was greatly appreciated and helped set [...]
“Rick Newman made our first commercial loan experience seem effortless. He walked us through the financing process, showcasing our business plan and financial forecasts in such a way that multiple lenders were interested in financing our property. Rick’s confidence and dedication made this project successful. He stayed with us both before and after the closing [...]
“We tried, unsuccessfully, for over a year to refinance our B&B with several banks and brokers who promised anything and everything to string us along. Then we called Rick and not only did he do exactly what he said he could / would do, but he kept us informed and updated throughout the whole process. [...]
“Rick stuck with me through a difficult financing process, and got me the money I needed when other lenders were unable or unwilling to do so. With a somewhat overpriced property, and a tightening credit market, Rick worked with me on an almost daily basis to make the purchase happen. I doubt that anyone else [...]
“Rick made the loan process seamless. He explained everything clearly and answered all of our questions without delay. He was a pleasure to work with.” John & Michelle Gamble Palms Cliff House Hilo, Hawaii
“As for words . . . it was certainly a pleasure doing business with you Rick, and I wouldn’t hesitate to do it again. You helped us out of a touch situation and were very professional while establishing a friendship. And we still want you to come out to visit us!” Liz Parrish & Peggy [...]