|Capital Access Group recently helped Da Vinci Marble to secure $3.7M in financing to purchase an industrial building located at 931-933 American Street, San Carlos, CA. The company, co-owned by Joe and Leslie Concilla, is known throughout the Bay Area by architects, contractors, and homeowners for their quality granite and marble slabs, and Da Vinci’s materials are featured in large commercial developments, including the SONY headquarters and the Bellagio hotel in Las Vegas.
With 52 employees and eight leased spaces in downtown San Carlos, Joe and Leslie began to weigh their options.
“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,” said Leslie. “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 as a safety net,” said Concilla. “We’re always looking at what’s next, but for now, we need to start saving more money, and then who knows, maybe we’ll buy more buildings!”
Click here to read the full story in the Silicon Valley Business Journal.