Buying a property was “the next step as a business” for Brett Collins and Dan White, founders of Building Block Interiors. Capital Access Group helped Brett and Dan take that step with a $1.65M 504 loan to purchase an industrial condominium in Fremont, CA.
The property offers ample storage space, meeting rooms, and a showroom where clients can review drawings and see furniture options “right on the spot,” according to Brett. “This new building allows us to minimize the cost on our end and makes us more profitable,” said Brett.
Brett and Dan heard about the SBA 504 loan program through a colleague in the industry, and the low down payment and low interest rates cemented their decision to proceed with the purchase.
“The low down payment was a big driver, and then obviously, as cheap as the interest rates are now, that was also attractive,” said Brett.
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