Marin County family business Point Reyes Farmstead Cheese wins 2019 Small Business of the Year award

Point Reyes Farmstead Cheese Company has been named 2019 Small Business of the Year by the U.S. Small Business Administration’s San Francisco District Office. The award will be presented May 8 during San Francisco’s annual Small Business Week celebration, according to a May 1 announcement by Capital Access Group. It was the SBA 504 lender […]

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Capital Access was pleased to help the owners of South Bay Allergy and Asthma Group, Inc. (SBAAG), to secure $1.8M through the SBA 504 program to purchase two contiguous condominium units in a multi-unit medical complex in San Jose, CA, to expand their business. The 504 loan, according to Anlin Xu, M.D., SBAAG’s Senior Partner “was a deal-changer,” primarily due to the low down payment.

Dr. Xu was also pleased with the service she received from Capital Access Group—and SVP and Chief Credit Officer Alan Jung in particular, who “responded fast and treated us with professionalism 100% of the time.”

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Three Brothers Furniture, a second-generation, family-owned business, buys new building in Vallejo, CA

Capital Access Group was thrilled to help Three Brothers Furniture, a proud member of the Vallejo business community, to secure $1M in financing to purchase a 22K-sf building on a 57K-sf foot parcel, to grow their business and consolidate operations under one roof.

Founded by Lew and Lora Glenn in 1952, Three Brothers has been a staple in the Vallejo community, providing good quality furniture at a fair price. Today, the company is led by Lew and Lora’s son, Gary, and his wife Julia and son Justin.

“We’re a completely family-owned business that delivers on what we say,” said Julia Glenn, Co-Owner, Three Brothers Furniture. “We believe in offering the best customer service, and we want to be able to keep growing and expanding so we can continue to be a strong part of Vallejo’s community.”

Three Brothers’ growth was constrained by a showroom that was “just getting too small,” according to Julia, plus, their warehouse was in a separate location. “The new facility, originally built as a furniture store, has a warehouse and a showroom all designed together,” said Julia. “It’s really going to be a fabulous move for us.”

When it came to financing the purchase, the choice was obvious. “If we did not go through this SBA program, there is no way we would have qualified for any other loan,” said Julia. “We had a great credit rating; we just didn’t have the down payment cash that we needed. All our equity was invested in our inventory.”

The Glenns were also amazed by the fast turnaround on their 504 loan. “We had to close the loan on this building in roughly six weeks,” said Julia. “Facilitating an SBA loan in six weeks seems unheard of, and yet Claudia (Cohen) at Capital Access Group made it so simple and so comprehensive. They really bent over backwards. We were in constant contact and it was fabulous to have that level of support.”

“In the end, we’re buying a bigger unit that enables us to sustain the business with the same expenses we had before,” said Glenn. “It’s invigorating to finally have a future we can forecast.”

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Pacific Coast Custom Interiors purchases auto repair facility in Santa Rosa and achieves a sense of security in the aftermath of the Tubbs Fire

PCCI is a family-owned business led Ryan and Evan, second-generation upholsterers who spent the early part of their lives apprenticing under their mother, Elaine Nelson, who continues to work in the business. Having the business on more solid footing was especially important for the Nelson family after the devastation wrought by the October 2017 Tubbs Fire in Northern California. Ryan and Elaine lost their homes, and Evan was displaced when the wildfire devastated their Coffey Park community in Santa Rosa.

“It feels like I’m living in someone else’s shoes,” said Ryan. “The peace of mind for our family, knowing that nobody can kick us out or raise our rent, and the stability of having that kind of long-term position in our market, for me, it’s just amazing knowing that every dollar we put into it just keeps it in our family.”

The Nelsons liked the SBA 504 loan’s low down payment and competitive interest rates, and they were also impressed with the “due diligence” they received from Jenny Tice, Business Development Officer, Capital Access Group. “Jenny is one of the best people I’ve ever worked with on any business deal or customer service-related transaction in my life,” said Ryan. “She anticipated everything possible that could complicate or slow the process down. Her due diligence, skills and knowledge, and truthful commitment to getting this done–honestly I don’t feel like it would have happened without her.”

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Founder of Genius Kids leverages the 504 program to buy an administrative facility, setting her up for growth and success

“What I liked about the whole program is not the program as much as the people—working with the Capital Access Group team—they really guide you and advise you. They’re setting you up for success.”
—Rennu Dhillon, President & Founder, Genius Kids

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Owners of Starline Social Club avoid “a catastrophic moment” by purchasing their building with SBA 504 funds before their lease expired

Capital Access recently helped the owners of Starline Social Club to secure $2.4M in total project financing to buy the building they were leasing, a three-story, 8,519-s.f., historic, Victorian building located in Oakland. Artists Adam Hatch and Drew Bennett, and restauranteur Sam White, co-founders of the Starline Social Club, are passionate about investing in the Oakland community. The trio leased the original site of the Order of Odd Fellows Lodge, an unconventional building in disrepair, and transformed it into a safe and inclusive bar, restaurant, and social art space with multiple venues and event spaces for live music, dancing, jazz, karaoke, and more, all under one roof. “As we were founding the business and renovating the space, we were excited about the idea of trying to buy the building,” said Drew Bennett, Co-Director, Starline Social Club. “A lease expiring is often a catastrophic moment for a business. When the opportunity arrived, we knew we had one shot to make an offer.” Starline’s team of business advisers recommended the SBA 504 loan, primarily for its low down payment, and referred them to Alan Jung, SVP and Chief Credit Officer at CapitalAccess Group, to facilitate the process.

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Da Vinci Marble buys 10K-square foot industrial building on the Peninsula

“With the volatility of the commercial rents, we really felt that we needed to buy—to secure at least some of our real estate costs. I feel so much peace, knowing we have this building as a safety net. ”
—Leslie Concilla, Co-Owner, Da Vinci Marble

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Robert Federighi Design sets the stage for expansion with acquisition of 13,160-square-foot warehouse in San Rafael, CA with SBA 504 loan from Capital Access Group

Capital Access Group recently helped Robert Federighi, Owner of Federighi Design, to secure $3.2 million in total project financing through the SBA 504 commercial real estate loan program. The funds were used to purchase a 13,160-square-foot commercial warehouse in San Rafael, CA. The new warehouse will replace seven leased warehouse and storage spaces, enabling the company to reduce costs significantly by consolidating multiple facilities, with additional space left over for future growth. The purchase will also stabilize the company’s real estate expenditures in the face of constantly rising rental rates in the region.

With over thirty years in the business, Robert Federighi Design has become an expert at designing and furnishing spaces for some of the most prestigious homes and commercial buildings in the Bay Area. The exponential growth of their construction department, which was spread across multiple warehouses, required the company to redefine its own space.

“Our current storage situation is about to overflow with staging materials,” said Robert Federighi, Owner, Robert Federighi Design. “This purchase allows us to centralize all of our products, so the staging crew has one location. We can eliminate all of those other warehouses we were leasing and run a more efficient business.”

This was Federighi’s second SBA 504 loan from Capital Access Group. In 2014, the company secured financing to purchase a 9,000 square-foot warehouse and showroom in Novato.

“To be honest, it was the low down payment and 20-year fixed-rate loan that cinched it,” said Stephanie Larkins, Controller and Accounting Manager, Robert Federighi Design. “We would not have been able to purchase the building without it.”

As for working with Capital Access Group, Larkins said, “It was so easy, Capital Access gave me a list of items we needed. I got them to them, and that was that.”

“It was such a pleasure to help Bob and his team secure the financing they needed to consolidate their warehouse space and stabilize their real estate costs,” said Jacklyn Jordan, President and CEO, Capital Access Group. “Our primary goal is to provide fast, efficient service for small businesses like Robert Federighi Design so they can continue to grow and look toward the future.”

“Owning this new building fixes our expenses and operationalizes the business,” said Larkins. “The mortgage payment on the new building is less than we currently pay in rent for the warehouses and storage units combined!”

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Capital Access helps businesses affected by North Bay wildfires get back on their feet

Just a little over a year ago, Sonoma, Napa, Lake, and Mendocino counties suffered a devastating series of tragedies when wildfires swept through the community, levelling homes, businesses, and entire neighborhoods. Capital Access has been supporting small businesses in the area for more than 35 years, so we knew we had to do something to help. Our Board of Directors subsequently approved $30K in grants to assist in fire recovery efforts for small businesses in the region, to be distributed through Rotary District 5130 and the Redwood Credit Union Community Fund.

This week, the Rotary club shared a report about how funds from the Business Grant Recovery Program were distributed. All in all, the club provided grants to 274 businesses, for a total of nearly $830,000.

“We were so proud to partner with Rotary District 5130 and the Redwood Credit Union Community Fund to do our small part in helping to provide small business owners with the hope and support they needed to get back on their feet,” said Jacklyn Jordan, President and CEO, Capital Access Group.

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Da Vinci Marble secures $3.716mm in SBA 504 financing to purchase industrial building in San Carlos

Capital Access was thrilled to help Joseph and Leslie Concilla, owners of Da Vinci Marble, secure $3.716 million in SBA 504 financing to purchase a 10,350-square-foot light industrial building in San Carlos, CA.

Da Vinci Marble is known throughout the Bay Area for its wholesale offerings of natural stone slabs and plays host to a strong consumer base of designers, architects, contractors, and homeowners at their showroom on Industrial Road. Their materials are also featured in large commercial developments, including the SONY headquarters and the Bellagio hotel in Las Vegas.

With 52 employees across eight leased buildings, the Concillas decided it was time to stabilize their occupancy costs and protect themselves against future lease rate increases as the Bay Area leasing market continued to heat up.

“With the volatility of commercial rents, we really felt that we needed to buy—to secure at least some of our real estate costs,” said Leslie Concilla, Co-Owner, Da Vinci Marble. “We were already renting out half of this building, and so we made an offer to the owner before it even hit the market.”

“I feel so much peace, knowing we have this building. Who knows, maybe we’ll buy more buildings!” said Concilla.

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Interview With Dave Simmons, SVP of Closing and Servicing, Honoring 20th Anniversary with Capital Access Group

Dave Simmons, Capital Access Group’s Senior Vice President of Closing and Servicing, recently celebrated his 20th anniversary with the company. We interviewed Dave in honor of his many years of service and to find out what he enjoys most about working at Capital Access Group. Read the full interview here.

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Sculptor Dana King creates safe haven for artists in downtown Oakland with SBA 504 loan

Dana King made a life-changing decision when she applied for an SBA 504 loan from Capital Access Group to fund an artists’ studio with a mix of structures in Oakland. King, a local news anchor at San Francisco CBS Affiliate KPIX, was ready to set aside her career in journalism to create a “place that could accommodate myself, my art, and other artists,” she said.

Today, King is an accomplished sculptor with a series of public works of art depicting the Montgomery Bus Boycott on display at the National Memorial for Peace and Justice, and she was recently recognized as one of “10 Emerging Black Female Artists to Collect,” by Black Art in America magazine.

“For Capital Access to sign on in support of my dream was significant,” said King. “There was a level of personal attention and commitment—and risk-taking—on the part of Capital Access that doesn’t happen every day.”

“I still pinch myself, even today. I feel so fortunate, so blessed, to be able to carry on the mission of the people that I bought the compound from and to extend that vision out into the art community,” said King.

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Capital Access Group Helps Video Game Developer to Secure $2.95M SBA 504 Loan to Purchase Commercial Condo in San Francisco’s Popular Hayes Valley

Capital Access was thrilled to help Supergiant Games, LLC, a San Francisco-based video game company, secure $2.95 million in total project financing to purchase a 2,909-square-foot commercial condominium in Hayes Valley, a prime location for cutting edge startups and businesses to set up shop amid the high-end boutiques and restaurants.

Founded in 2009, Supergiant Games has released three critically and commercially successful role-playing games, Bastion, Transistor, and Pyre.

“We are confident in our future as a company, and we decided that buying property would be a great investment for us,” said Michael Ailshie, Operations Manager, Supergiant Games, LLC. “We were putting feelers out, and we talked to another company that had secured funding through a 504 loan. The 10 percent down payment kind of made our eyes go a little bit wide, and we wanted to learn more.”

“Our introductory conversations with Capital Access Group gave us a lot of confidence,” said Michael. “We were incredibly satisfied with how quickly they responded to all of our questions, how efficiently they helped us get all the proper documents together, and how frequently they were communicating with us on what was needed.”

“The location is amazing, with shops and restaurants in the area, convenient to public transportation, all that has made people’s lives a lot easier,” said Michael. “It’s starting to feel like our new home.”

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Capital Access borrower Point Reyes Farmstead Cheese in the news

In other news, the Santa Rosa Press Democrat recently wrote about the Point Reyes Farmstead Cheese Company’s SBA 504 loan from Capital Access Group.

Point Reyes Farmstead Cheese is a led by three sisters, Diana Hagan, Lynn Stray, and Jill Basch, who joined the company in 2000, and pivoted it from milk production to artisanal cheesemaking—a more sustainable, environmentally friendly business.

Capital Access helped the sisters secure $7.8 M in total project financing to purchase a former beverage distribution facility at 454 Payran Street, Petaluma, CA.

The story in the Press Democrat talks about the company’s success and the new property, which has been transformed into a state-of-the-art cheesemaking facility offering enough room for the business to quadruple its space for aging pasteurized cheeses.

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$7.8 Million SBA 504 Loan from Capital Access Group Allows Pt. Reyes Farmstead Cheese Co. to Purchase Facility for New, State-of-the-Art, Artisanal Cheesemaking Operation

Capital Access was happy to help Point Reyes Farmstead Cheese Company expand the 2nd generation family business with a $7.8M 504 loan to purchase a 1.9-acre facility for their new, state-of-the-art, cheesemaking operation.

“When we started looking at borrowing funds for the project, that was really our first foray into financing,” Diana Giacomini Hagan, CFO. “The benefit of the 504 loan was the 90 percent financing, which allowed us to get as many dollars as we could out of the project. At the end of the day, we’re ending up with a state-of-the-art cheesemaking facility that’s going to help us get to the next level.”

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