by Doug Carleton of Business Lenders, LLC Let your mind roam ahead in time for a moment. You have put your property on the market and you now have an offer. The buyer is going to apply for a mortgage. Let me suggest to you how what you are doing today, or not doing, can […]
Someday You Will Sell, Help Your Lender Say Yes Read More »
by Doug Carleton of Business Lenders, LLC Seller financing is often used in the bed and breakfast industry as a way to facilitate sales. It may be the first mortgage, or, it may be a second mortgage in conjunction with a first mortgage provided by a traditional lender. Let’s take a look at some of
Financial: Seller Financing, The Good, the Bad, and the Ugly Read More »
by Peter Scherman of The B&B Team When you’re thinking of refinancing to make capital improvements to your inn, there are many questions to ask. In the analysis of finance and construction costs, anticipated revenues, and future value of the tangible assets, one question that is often overlooked is this: How will improving the physical
Refinancing Your Inn — Food For Thought Read More »
by Peter Scherman of The B&B Team You have been dreaming for years. Those glossy magazines and snazzy web sites with those wonderful, historic lodgings, glorious gardens, and inviting rooms are a regular mainstay. Your travels have taken you to places where you were greeted by strangers who treated you like old friends. You slept
Inn Financing Without Tears Read More »
by Doug Carleton of Business Lenders, LLC You might be thinking about buying or opening a B&B. Or, if you already own one, you might be considering expansion or a major renovation. Once you decide that you need to borrow money, whatever the need may be, the very best thing you can do to increase
Improve Your Chances For A Loan Read More »
by Doug Carleton of Business Lenders, LLC Financing for any startup business is hard for obvious reasons. A lender is gambling. It is betting that the owner of the startup business is going to be able to meet projections and pay back the loan. And even though most new business owners do their best, a
Financing Startup B&Bs with an SBA Loan Read More »
by Rick Newman of Commercial Capital Network, LLC Updated October, 2018 All Bed & Breakfasts/Inns are unique by design. In fact, it is that unique quality that separates one Bed & Breakfast/Inn from the next. Innkeepers invest their energy and capital over time to create a welcoming and hospitable environment that is special to them,
Financing the Purchase of a Bed & Breakfast Inn Read More »
by Rick Newman of Commercial Capital Network Re-financing a B&B/Inn… Contrary to the media’s coverage on the financial markets and banking, mortgage financing is available for bed and breakfast/inns, where the business tax returns show sufficient cash flow to service the debt necessary to refinance/re-organize the innkeeper’s current debt. The debt service on a commercial
2008 Doom & Gloom Meets Hope in 2009 Read More »
From a quaint New England village to an island paradise in Hawaii, all of the inns in the small lodging industry have great locations to share with guests. Some locations are well known to the world, while others are unique and extraordinary but have less world wide appeal. One destination that fits this definition has
In my consulting and real estate travels around the Mid-Atlantic region, I often pass by Dover Air Force Base in Delaware. Four times this week. I am often amazed by the size of the C-5A transports coming in and out of the base and look forward to driving right under the approach as the monster
Please Just Touch and Go … and an Innkeeper Request Read More »
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