commercial financing

Commercial Interest Rates…..up? down? up? down?

Interest rates for commercial hospitality loans remain historically low. However, we are seeing them on the rise. The most favorable recent rates we saw in January ranged from 4.35% to 4.75%. Today we are seeing 4.8% to 5.25% or higher. The better your credit, the better the cash flow of the property, the better chance …

Commercial Interest Rates…..up? down? up? down? Read More »

Residential vs Commercial Real Estate: Two Entirely Different Animals

I’m connected to a lot of real estate agents all over the country through social media. And I am always watching the ‘market’ around the country through the eyes of my fellow real estate agents, just to have an understanding on what’s going on. Though much of what goes on in the residential ‘market’ doesn’t …

Residential vs Commercial Real Estate: Two Entirely Different Animals Read More »

Buyers Ask: How did the seller come up with the price?

🏡 Offered at $1,500,000 🏨 A very common question I seem to get regularly from buyers is “how did you come up with the price?”. That’s a very good question. I don’t come up with a price, my sellers do. A listing agent advises, the client decides. What we do at The B&B Team is a very …

Buyers Ask: How did the seller come up with the price? Read More »

Great article on the truth behind ROBS (Rollover for Business Start-up)…

We’ve had numerous clients utilize their 401k funds to purchase a lodging property, and one of the companies that facilitates this transaction (in accordance with IRS) is Guidant Financial. This can make a substantial difference in what buyers can afford to purchase. Guidant put out this great piece on busting the myths behind ROBS.  Using …

Great article on the truth behind ROBS (Rollover for Business Start-up)… Read More »

Aspiring Innkeepers: Interested in Controlling Your Own 401K?

What if you could invest your 401k funds into your own business? It could potentially make a big difference in what you can afford to buy if your only source of downpayment had been from the equity in your home. If you’re interested in learning more about this option, and we are seeing it become …

Aspiring Innkeepers: Interested in Controlling Your Own 401K? Read More »

As a lodging and bed and breakfast broker I wear many hats…What’s really involved in a commercial deal?

Clients texted me a few weeks ago and during our exchange of texts they acknowledged (and fully appreciated) my role not only as broker/advisor, but as a counselor, coach, cheerleader, human resources director, business consultant, financial services advisor, restaurant and wine advisor (okay, not really imperative) but you get the point! And I’ll add ‘puzzle …

As a lodging and bed and breakfast broker I wear many hats…What’s really involved in a commercial deal? Read More »

Going Concern Value – Inn Valuation

An inn or bed and breakfast is a hybrid. Yes, it is a business that operates within a piece of real estate on a piece of land. But it is a commercial business with a residential component. So how does an appraiser go about valuing this hybrid business? It’s not always easy for the buyer …

Going Concern Value – Inn Valuation Read More »

2014 seems to be bringing a lot of activity!

With Acadia Cottages soon to settle, Ducktrap Motel around the bend, Inn on Carleton not too far behind and a classic coastal inn recently under agreement, 2014 is looking up for both buyers and sellers! These three I’ve named are all completely different types of lodging properties: near Acadia National Park, Acadia Cottages offers 11 …

2014 seems to be bringing a lot of activity! Read More »

The importance of using a local lender well versed in hospitality…

Would you go to a cardiologist if you’re having problems with a swollen ankle? Or take your watch to be repaired by a seamstress?Then why would you go to a lender who doesn’t deal in the hospitality industry? A little dramatic, yeah, but you get my point! There are many reasons to speak with local lenders when …

The importance of using a local lender well versed in hospitality… Read More »