Artistic Stone buys “dream place” in San Leandro

Capital Access Group recently made it possible for Yang and Junhong Jiang, owners of Artistic Stone Kitchen & Bath, Inc., to secure $4.7M in SBA 504 financing to buy their “dream place,” a 13-sf, office-warehouse property in San Leandro, CA.

The husband-and-wife team started their property search nearly ten years ago. That was when they first met Claudia Cohen from Capital Access Group. But the Jiangs were forced to put their property search on hold while they retooled the business during the Great Recession. They remerged stronger and more focused, and they also restarted their property search.

It took the Jiangs 10 years and a lot of searching to find the right space, but once they did, they knew just who to call for a financing solution.

“By my experience, Capital Access is the one to go to, really,” said Yang.

The 504 loan’s low down payment was important, too. “The ten percent down payment made all the difference. That’s the greatness of the SBA,” said Yang. “I wouldn’t be able to afford the 20 percent down payment required by most commercial banks, period.”

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Building Block Interiors “takes next step” with purchase of new HQ and showroom in Fremont

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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